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overview: The US economy added just 49,000 jobs in January as the labor market tried to rebound from the latest wave of coronavirus lockdowns, the feds said Friday.


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The weaker-than-expected payroll growth came after employers shed 227,000 jobs in December amid a deadly wave of COVID-19 infections, marking the first loss in eight months.

The unemployment rate, meanwhile, fell to 6.3 percent from December’s 6.7 percent as the nation’s workforce shrank by 406,000 people, according to the closely watched Bureau of Labor Statistics report.

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Noah Manskar

new york post contributor