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Bad News buried in Jan 2021 BLS Employment Report
It was not a great month with only a 49k increase in total employment.What was not reported was that twice the entire gain was teachers coming back to work. The rest of the US economy was essentially a wash [BLS.gov] The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. many paragraphs down In January, employment increased in local government education (+49,000), state government education (+36,000), and private education (+34,000). Posted by: Lord Garth 2021-02-07 |
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