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EXPLAINER: 5 key takeaways from the January jobs report

 

February 5, 2021



WASHINGTON (AP) — The struggles that have afflicted the American job market since the viral pandemic tore through the economy nearly a year ago are keeping a tight lid on hiring.

The Labor Department's report Friday that employers added a meager 49,000 jobs in January, after having slashed 227,000 in December, did nothing to brighten that picture. Still, the unemployment rate slid to 6.3%, its lowest level since March, from 6.7% in December.

And January was the first month since June in which the economy generated more jobs than it did the month before: After a bounce-back of 4.8 million...



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