U.S. Economic News
February 5, 2021
U.S. Economic Indicators
The U.S. economy gained 49,000 jobs in January, roughly in line with expectations. The unemployment rate declined by 0.4 percentage point to 6.3%, and the labor force participation rate ticked down 0.1 percentage point to 61.4%. BLS Report
The U.S. trade deficit narrowed from $69.0 billion (revised) in November to $66.6 billion in December. The goods deficit fell by $2.8 billion, while the services surplus fell by $0.4 billion. Census Bureau Report