The US economy added just 49,000 jobs in January as the labor market tried to rebound from the latest wave of coronavirus lockdowns, the feds said Friday.
The number of Americans filing for first-time unemployment claims fell slightly to 847,000 last week, according to data released Thursday by the Department of Labor. Economists had predicted a total of 875,000 claims for the week ended Jan. 23.
US economy adds meager 49K jobs in rebound from COVID-fueled loss
Bankruptcies are up so far this year — to a level we haven’t seen since 2010, in the aftermath of the Great Recession. That’s according to S&P Global Market Intelligence, which tracks big-ish public and private companies across the economy. It’s a 27% increase over the same period in 2019.