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BREAKING NEWS: Job Growth Explodes in January

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U.S. employers added 353,000 new jobs in January, much more than expected, according to the latest employment report from the U.S. Bureau of Labor Statistics. Job gains occurred in professional and business services, health care and retail trade.

The unemployment rate held at 3.7 percent. It ranged from 3.4 percent to 3.8 percent during 2023, and has stayed under 4 percent for the past 24 months. Average hourly earnings rose 0.6 percent on the month and were up 4.5 percent from a year ago.

The report is further evidence that the labor market remains healthy. Earlier this week, the Department of Labor reported that there were 9 million job openings in December, or 1.4 positions for every unemployed person.
 
 
 
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