Economy Adds 50k Jobs

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%. (Bureau of Labor Statistics)

In January, the unemployment rate fell by 0.4 percentage point to 6.3 percent, and the number of unemployed persons decreased to 10.1 million. Although both measures are much lower than their April 2020 highs, they remain well above their pre-pandemic levels in February 2020