January saw the United States add 49,000 jobs as the unemployment rate dropped to 6.3 percent, as reported by Yahoo! Finance. This signals …
January saw the United States add 49,000 jobs as the unemployment rate dropped to 6.3 percent, as reported by Yahoo! Finance. This signals a 0.4 percent drop in the rate, according to the Labor Department. Friday’s release of data reveals that the economy appears to once again be heading toward recovery after jobs declined in December, the first month of declining numbers since April. The growth is credited to the easing of restrictions and federal stimulus measures in response to the continuing coronavirus pandemic. However, the numbers defied predictions from economists that the rate would remain the same while as many as twice as many jobs would be added.
