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