Companies in the US seem to be recovering from the COVID-19 impact. This can be seen as about 175,000 new jobs have been added in the first month of the year.
175,000 new jobs created in January
The January results signals of US firms seem to be positive after the damage done by the COVID-19 pandemic on businesses across the world. Various restrictions have put much business out, but it seems the country is on its way back to the pre-pandemic era.
'' Labour market in the US has shown a mild recovery amidst the pandemic, the signs are promising '' Ahu Yildirima, VP, ADP Research Institute states.
According to the latest report by ADP, which was done in collaboration with Moody Analytics, most sectors aside from leisure and entertainment are picking up. Looking at the growth by industry, health and education seem to be the biggest winners with another 55,000 employment added.
However, the communication sector lost about 2,000 positions, making it the biggest loser. Furthermore, usin...