NJ Spotlight News
Business Report: Omicron is being blamed for job cuts
Clip: 2/2/2022 | 2m 54sVideo has Closed Captions
The US economy lost 301,000 jobs in January, ADP reports
Omicron is disrupting what had been a robust job market. New Jersey-based ADP reported the U.S. economy lost 301,000 jobs in January, the first report showing job losses in more than a year. Economists thought 200,000 new jobs would be added to the economy so this was a shocker. Gus Faucher, chief economist at PNC Financial Services Group, thinks this is a blip and says COVID-19 is to blame.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Omicron is being blamed for job cuts
Clip: 2/2/2022 | 2m 54sVideo has Closed Captions
Omicron is disrupting what had been a robust job market. New Jersey-based ADP reported the U.S. economy lost 301,000 jobs in January, the first report showing job losses in more than a year. Economists thought 200,000 new jobs would be added to the economy so this was a shocker. Gus Faucher, chief economist at PNC Financial Services Group, thinks this is a blip and says COVID-19 is to blame.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS