Saturday, February 6, 2021

New York Times: “It’s very clear our economy is still in trouble”

"The American economic recovery showed new signs of stalling on Friday as government data underscored the pandemic’s brutal damage to the job market.

U.S. employers added 49,000 jobs in January, the Labor Department said, dashing hopes that the new year would bring immediate relief. The private sector added just 6,000 jobs, barely enough to register against the millions of positions lost during the pandemic.

The weak showing was tallied amid a fresh effort in Washington to provide a big infusion of aid to foster a recovery and the data will almost certainly bolster the Democrats’ argument for a robust stimulus package."

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