U.S. Economy Added 49,000 Jobs in January

  • by:
  • Source: Breitbart
  • 02/05/2021

The U.S. economy added 49,000 jobs in December and the unemployment rate dipped to 6.3 percent, according to data released Friday.

Economists surveyed by Econoday had forecast an addition of 50,000 jobs and a slight rise in the unemployment rate to 6.8 percent.

The estimate for December was revised down significantly, from a loss of 140,000 to a loss of 227,000. This is the third straight month of sluggishness in the labor market.

Job gains in professional and business services and in both public and private education were offset by losses in leisure and hospitality, in retail trade, in health care, and in transportation and warehousing.

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