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Response to mahatmakanejeeves (Original post)

Mon Feb 8, 2021, 09:45 AM

6. U.S. Department of Labor Blog

Helping the Economy by Helping Workers

Filed in Jobs • By: Janelle Jones • February 5, 2021

Today’s report shows that our economy is still in crisis. In the spring of 2020, the economy lost 22 million jobs, and more than half of those jobs have yet to be recovered. Across all sectors of the economy and the country, joblessness, lost incomes, and fragile employment have left workers facing uncertainty at best and economic devastation at worst. While some progress has been made, we have a long way to go, and workers are still struggling. This is my first jobs report in my role as chief economist here at the Department of Labor, and I will continue to follow this data monthly as I track how workers are faring in the economy, and to provide you – the American people – with important information about what this data tell us about our lives and work.

Overall, the unemployment rate decreased to 6.3%, a 0.4 percentage point change from the previous month. Unlike the previous month, the unemployment rate for men and women moved in the same direction with statistically significant decreases (0.3 percentage point for women and 0.4 percentage point for men). The unemployment for both now stands at 6.0%. However, in the last month, 275,000 women have dropped out of the labor force altogether.


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