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DJ January Jobs Report Shows Covid-19 Still Hurting Economy -- Market Talk

· 02/05/2021 09:20

09:20 ET - The January nonfarm payrolls report "illustrates that the recent wave of COVID-19 cases is still weighing on the economy," Capital Economics says. "But with infections now dropping back sharply and the recent fiscal boost set to feed through, we expect employment growth to rebound over the coming months." The Labor Department says 49K jobs were added last month, just under the 50K consensus. "The weakness last month was more widespread, with manufacturing, retail, transportation and health care all losing jobs," CE says. The 10-year yield rises to 1.19%, its highest level since March, following the jobs report. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

February 05, 2021 09:20 ET (14:20 GMT)

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