NJ Spotlight News

Business Report: Omicron is being blamed for job cuts

Clip: 02/02/2022 | 2m 54s

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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.

Aired: 02/02/22 | Rating: NR

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