U.S. Unemployment rate hit 6.3% in January 2021 – the first decrease in two months

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The U.S. Bureau of Labor Statistics recently released their January 2021 Jobs Report, with some encouraging news for the unemployment rate.Highlights include:

  • Unemployment rate fell from 6.7% to 3% in January – this defied economists’ expectations, marking the first decrease in two months.
  • U.S. employers added 49,000 jobs in January – slightly below expectations.
  • Unemployment rate is at 4% for college-degreed workers (ages 25 years and older), a slight uptick from 3.8% in December. This group continues to be one of the high-demand candidate groups.
  • Unemployment rate for those with some college or Associates degree is 6.2%.
    (Source: BLS)

How is your business being impacted by the pandemic and current market conditions? What are your hiring plans? Whether you need temporary staffing or help with direct hiring, or just have questions about trends in the local market, your Adams & Martin Group representative will consult with you 1:1 to discuss your needs. Find your nearest branch today!