Economy struggled in January with just 49,000 jobs added, unemployment down to 6.3%
Economy struggled in January, with just 49,000 jobs added and unemployment down to 6.3% Print this article The economy added 49,000 jobs in the first month of the year, according to the Bureau of Labor Statistics, indicating the labor market is struggling to regain health and adding pressure on President Biden to negotiate additional federal relief. The unemployment rate fell 0.4 percentage points to 6.3%. Friday's report just barely met economists' expectations and relayed the bad news that job growth was significantly weaker in the previous two winter months than previously thought. Decemb...