Employment data

Small businesses are recording a significant jump in job growth this month, while weekly and hourly earnings grew as well, according to payroll giant Paychex.

The unemployment rate slipped to 6.2 percent , the U.S. Bureau of Labor Statistics reported Friday, although there was a drop in positions in accounting and bookkeeping services.

Despite the gains, employment has effectively gone 'nowhere' since October, according to one expert.

The unemployment rate declined in January to 6.3 percent as employers added some jobs in the midst of the pandemic.

The private sector added 174,000 jobs in January, according to payroll giant ADP, despite the economic fallout and business closures from the COVID-19 pandemic.

Hiring and wages at small businesses ticked upward slightly last month despite the ongoing economic fallout from the COVID-19 pandemic.

Growth in small business jobs and wages declined last month as a result of the novel coronavirus pandemic, according to payroll giant Paychex.

The economic fallout from the coronavirus pandemic is continuing.

Professional services like accounting and tax prep gained 12,000 jobs, however, according to the payroll giant.

The slowest month of job growth since the spring occurred amid the ravages of the COVID-19 pandemic.