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US economy added 49,000 jobs in January as recovery rebounds from winter slowdown

FILE - A man walks out of a Marc's Store, Friday, Jan. 8, 2021, in Mayfield Heights, Ohio. Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. (AP Photo/Tony Dejak, file)

Economists expected employers to have added 50,000 jobs in January

By Megan Henney

FOXBusiness

The U.S. economy added 49,000 jobs in January, rebounding from a surprise employment decline in December as a slowdown in COVID-19 cases nationwide allowed states to ease lockdown measures on businesses.

The unemployment rate edged down to 6.3% — well below the April peak of 14.7%, but about twice the pre-crisis level, the Labor Department said in its monthly payroll report, released Friday. Economists surveyed by Refinitiv expected the report to show that unemployment…

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https://www.foxbusiness.com/economy/january-jobs-report-2021-coronavirus-pandemic

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