Dow Jones Stock Market Today – U.S. Nonfarm Payrolls Up 49K in January — Update
By Sarah Chaney Cambon
U.S. employers added 49,000 jobs last month, returning growth to the labor market after a one month dip, while the unemployment rate fell to 6.3%.
The small January gain came after payrolls fell steeply in December, the first decline since the coronavirus pandemic triggered business shutdowns last spring.
Jobs grew strongly in business and professional services, the Labor Department said in its January report on U.S. employment. Many sectors, though, lost jobs last month. The leisure and hospitality sector lost 61,000 jobs in January, following a steep decline of 536,000 in December. Retailers, health-care companies and warehouses cut jobs in January.
Write to Sarah Chaney Cambon at [email protected] Zoom.com
(END) Dow Jones Newswires
February 05, 2021 09:03 ET (14:03 GMT)
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