U.S. Labor Market Surges with 353,000 New Jobs in January, Crushing Expectations In January, the U.S. economy showcased its resilience by adding 353,000 jobs, significantly surpassing the Dow Jones estimate of 185,000. Meanwhile, the unemployment rate remained steady at 3.7%, defying expectations of a rise to 3.8%. Remarkably, average hourly earnings surged by 0.6% for the month, doubling the forecast and indicating a year-over-year wage increase of 4.5%, which outpaced the predicted 4.1%. The expansion in employment was broad-based, with professional and business services, health care, and retail trade leading the contributions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Case For Silver Could Not Be Clearer READ MORE Fed Minutes: Patience Prevails as Officials Await Clearer Inflation Trend READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation READ MORE What is a Troy Ounce? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
