The Briefing Room

General Category => Economy/Business => Topic started by: mystery-ak on February 05, 2021, 02:30:12 pm

Title: Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Post by: mystery-ak on February 05, 2021, 02:30:12 pm

Economy adds 49K jobs in January, unemployment falls to 6.3 percent
By Sylvan Lane - 02/05/21 08:32 AM EST

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 uptick in jobs shows the recovery from the coronavirus recession resumed last month after December job losses, but the report underscored the deep damage yet to be repaired from the pandemic-driven economic crisis.

“This jobs report suggests signs of a nascent overall recovery, but food insecurity, costs of caregiving, persistently high unemployment, and small business stagnation necessitate emergency relief that targets those being left behind – especially women, people of color, and lower income workers,” said Nicole Goldin, nonresident senior fellow at the Atlantic Council, in a Friday analysis.
ADVERTISEMENT

“Without further stimulus, our ability to get kids back in school and more fully reopen the economy will stymie consumer confidence, hiring, and investment.”

January’s drop in the unemployment rate and meager increase in hiring defied the consensus expectations of economists, who projected a gain of 100,000 jobs and an unchanged jobless rate.

Economists also warned that seasonal adjustments to the data would likely inflate January's job gains.

more
https://thehill.com/policy/finance/537475-january-jobs-report-economy-unemployment-coronavirus

Title: Re: Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Post by: dfwgator on February 05, 2021, 03:03:07 pm

It's Another Biden Miracle!

Title: Re: Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Post by: GtHawk on February 05, 2021, 06:42:37 pm

Smells like (https://i.imgur.com/SgUFCc1.gif)

Title: Re: Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Post by: catfish1957 on February 05, 2021, 09:46:05 pm

Any strength in this economy right now are residual effects of Trump's last 4 years of growth.

Give it 3-6 months to see Biden mess it up in earnest.

Title: Re: Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Post by: libertybele on February 05, 2021, 09:47:21 pm

Thank you past President Donald J. Trump.  :patriot: :patriot: