The Job Market Takes a Snow Day
Bad weather put a damper on hiring in January as the U.S. economy added just 36,000 jobs. Still, the unemployment rate dropped to 9 percent from December’s 9.4 percent, but that may be because many job-seekers simply gave up looking. –JCL
’TIS THE REASON…
US unemployment fell in January to 9% from 9.4% a month earlier, the Department of Labor said.
It is the second such monthly fall, after unemployment fell from a rate of 9.8% in November.
But despite this, the number of jobs created, at 36,000, was far below the expected 140,000.
The poor figure may have been due to blizzards during January, which are thought to have kept many workers at home.
You know the story. Independent journalism is under threat and overshadowed by heavily funded mainstream media. During this holiday season, you can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearth what's really happening- without compromise. Give today to support our courageous, independent journalists.
As always, we wish you truth, reason and the best of the season!