Here’s what you need to know: Boarded-up storefronts in Los Angeles. The stimulus package approved by Congress may not do enough for millions of jobless Americans if hiring does not pick up significantly.Credit…Philip Cheung for The New York TimesNew economic data from the federal government on Wednesday highlighted the recovery’s precarious state.A report from the Commerce Department showed that personal income fell in November for the second straight month and that consumer spending fell for the first time since April.Separately, the Labor Department said applications for unemployment benefits remained high last week ahead of …
