January Jobs Report Live Updates: U.S. Job Growth Surges
The United States delivered a much bigger-than-expected batch of jobs last month, adding further evidence that the economy still has plenty of steamEmployers added 353,000 jobs in January, the Labor Department reported on Friday, and the unemployment rate remained at 3.7 percent.After the loss of 14 percent of the nation’s jobs early in the Covid-19 pandemic, the labor market’s endurance for more than three years has surprised economists, who expected factors including the Federal Reserve’s interest rate increases to slow hiring more sharply. The strong data on Friday is likely to reinforce the Fed’s patience in beginning to cut rates.“There’s…
