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US adds 353,000 jobs in January — nearly doubling expectations #shorts
Posted
February 2, 2024
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February 2, 2024
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0:59Now PlayingUS employers added a whopping 353,000 jobs in January — blowing past economists’ forecasts and confounding fears of a slowdown. NY Post Business Reporter Shannon Thaler shares this story.
The blockbuster figure is nearly double the 185,000 jobs economists expected — and marks a surge from the higher-than-anticipated 216,000 jobs added in December and 199,000 increase in November.
The Labor Department said Friday that employment growth was strongest among professional and business services, which saw a gain of 74,000 in January — considerably higher than the average monthly increase of 14,000.
Healthcare, retail, and social assistance jobs also saw an increase, while employment across the mining and oil sectors decreased.
The unemployment rate remained steady at 3.7% in January for the third month in a row. The reading was a tick under the 3.8% that economists were forecasting.
Read more at
#jobs #economy
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