“Stunning” Report: 353,000 New US Jobs In January

USA Today reports:

Hiring picked up sharply in January as employers added a booming 353,000 jobs, highlighting a labor market that continues to defy high interest rates and household financial strains. The unemployment rate held steady at 3.7%, the Labor Department said Friday.

Economists surveyed by Bloomberg had estimated that 185,000 jobs were added last month. The January totals were expected to be skewed by some unusual crosscurrents. Cold, snowy weather in the Northeast and Midwest likely dampened employment in industries such as construction and restaurants.

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The US economy added a stunning 353,000 jobs in January, kicking off 2024 with a bang. The jobless rate is under 4% for the 24th month in a row. https://t.co/doGLF9WHtQ

— CNN (@CNN) February 2, 2024

January jobs report: US economy added 353,000 in January, coming in much hotter than expected. pic.twitter.com/a6Xlax8lro

— Yahoo Finance (@YahooFinance) February 2, 2024

Spectacular report across the board. Huge beat in jobs, wages rising robustly, prime-age employment growing. It’s the Energizer Bunny economy — it just keeps growing and growing and growing. https://t.co/tCMczIxDGG

— Bharat Ramamurti (@BharatRamamurti) February 2, 2024