Economy

Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurants

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January’s employment picture appears to have improved over December, but how much so depends in big part on the impact of the virus and restrictions on the struggling hospitality and leisure sector.

The U.S. Bureau of Labor Statistics will release its “employment situation” report for January on Friday morning, detailing the unemployment rate, as well as the number of jobs added or lost last month.

Economists expect 50,000 payrolls were added in January, after a decline of 140,000 in December, according to Dow Jones. The unemployment rate is expected to stay at 6.7%.

There has been some improvement in recent jobs-related data, including Thursday’s weekly jobless claims data, showing 779,000…



Source cnbc.com

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