Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Source: The Hill
The U.S. added 49,000 jobs in January and the unemployment rate fell to 6.3 percent, 0.4 percentage point drop, according to data released Friday by the Labor Department,
The economic recovery from the coronavirus pandemic kicked back into gear last month after the U.S. lost jobs in December, the first time employment declined since April.
Solid increases in professional services and education jobs were dampened by losses across a broad sector of the economy, said the Bureau of Labor Statistics (BLS). Notable job losses hit the leisure and hospitality, retail, health care, transportation and warehousing industries, according to BLS.
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