Welcome the French Workbench Podcast and Las Vegas Experience with Dan French.
After two months of disappointing job growth, the U.S. jobs report released Friday shows that 467,000 non-farm payroll jobs were added in January.
Despite this increase, the unemployment rate rose slightly to 4.0% in January from 3.9% in December. The unemployment rate remains higher than the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.
“Even with this strong start to the year, 13% of the jobs lost in the pandemic have not been regained,” First American deputy chief economist Odeta Kushi said in a statement. “If monthly gains continue at the January pace, we could return to the pre-COVID employment peak by August 2022.”
The labor force participation rate also rose in January to 62.2%, however it also remains below its pre-pandemic level.
Chime in with your thoughts and comments!
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Bret Jenny Real Estate
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Henderson NV 89012
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SM Consulting
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Corin Lujan
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Keller Williams Realty Las Vegas
702-971-9293
[email protected]
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Mohave Air Conditioning Las Vegas
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