A Briefing.com consensus had expected a headline number of 50,000 new jobs and an unemployment rate of 6.7%. Digging DeeperThe bad news is that the construction, manufacturing, warehousing and transportation sectors either shed jobs in January or barely gained. These are the areas where you’d like to see more robust jobs growth if the economy is coming back. Looking UpSolid economic data took center stage yesterday as good news from the nation’s labor market and factories helped move stocks higher. After today’s big jobs number, investors may want a break from economic data.
Source: Forbes February 05, 2021 14:37 UTC