January #2021 #unemployment drops to 6.3%, only 49,000 #jobs added in #covid19 @BLS_gov

Courtesy: Pexels

The Bureau of Labor Statistics released its January jobs report today with a little more good news than December 2020’s job report, the nation’s unemployment rate fell 0.4 percent to 6.3 percent, and albeit small, 49,000 jobs were added in January, showing a glimmer of hope compared to April 2020, but nowhere near as good as pre-pandemic February 2020.

The nation only saw job gains in professional and business services, and public and private education due to a return from the Christmas break, and continued virtual classes with gradual return to in-person learning pending COVID19 severity in stages, but these gains were not enough to cancel out the losses in leisure, hospitality, retail trade, transportation, warehousing, and in health care, cases are still up pausing travel and non-essential outings, plus COVID19’s taking a toll on hospital resources.

Thursday’s 779,000 unemployment claims for the week also showed no mercy with staggering numbers, but so far is the lowest it’s been since the pandemic’s 6.6 million last March.

Daniel Quintanilla

One thought on “January #2021 #unemployment drops to 6.3%, only 49,000 #jobs added in #covid19 @BLS_gov

Leave a Reply