Unemployment Rate Fell to 6.3 Percent in January

  • February 5, 2021
Unemployment Rate Fell to 6.3 Percent in January

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People who lost their jobs fill out paperwork to file for unemployment following an outbreak of the coronavirus, at an Arkansas Workforce Center in Fayetteville, Ark., April 6, 2020. (Nick Oxford/Reuters)

The U.S. unemployment rate dropped to 6.3 percent in January from 6.7 percent the month prior, beating expectations, according to the U.S. Department of Labor’s monthly jobs report.

The economy added more jobs than it lost in January, with an increase of 49,000. However, the growth missed economists’ predictions of 105,000 jobs added.

 

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