A meagre gain in US jobs last month highlights virus' damage
The unemployment rate fell sharply in January from 6.7% to 6.3%, the Labor Department said Friday. Most of the drop in unemployment occurred because some people out of work found jobs, but others stopped looking for work and were no longer counted as unemployed. Even last month's small job gain benefited from a technical adjustment to the government's data. And without an increase of 80,000 temporary jobs, the economy would have posted a net loss for January. "What you have is a lousy report that shows a stalling recovery," said Nela Richardson, chief economist at the payroll processor ADP. S...
Source: princegeorgecitizen.com