- Unemployment rate at 6.3%, down from April high of 14.7%
- Experts warn economic toll from virus is far from over
The US economy added back 49,000 jobs last month as coronavirus restrictions eased and fiscal stimulus from Washington goosed up the economy, the labor department announced on Friday.
The unemployment rate dropped to 6.3%, down significantly from its pandemic high of 14.7% in April. While January’s figure marked a return to growth after job losses in December, the number was weak and big problems remain.
