Economy adds stunning 467K jobs in January despite omicron surge |
News |
Written by The Hill Press |
Friday, 04 February 2022 15:00 |
Labor Department also revised the December employment gain up from an initially reported 199,000 to 510,000 and November’s job gain from 249,000 to 647,000, painting a much stronger picture. WASHINGTON, DC - The U.S gained 467,000 jobs in January despite fears the economy lost jobs amid the omicron-driven surge of COVID-19 cases, the Labor Department reported Friday. While the unemployment rate ticked up slightly to 4 percent, January job growth far exceeded the expectations of many economists, who feared the U.S. likely lost jobs last month for the first time since December 2020. |