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 Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE High Inflation Drives Mortgage Rates Above 7% READ MORE Gold Keeps Hitting Records and ‘Not Everything Adds Up.’ What’s Moving Prices READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE Deciphering the U.S. Economy's Post-Pandemic Strength READ MORE Add a Comment Cancel replyYour email address will not be published.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
