JOBS REPORT: January 2022

Economy Greatly Exceeds Experts’ Predictions

Despite a surge in COVID-19 cases due to the Omicron variant at the beginning of the year, 2022 is proving to be off to a stronger start for the U.S. job market than what economists across the country predicted.

Despite a surge in COVID-19 cases due to the Omicron variant at the beginning of the year, 2022 is proving to be off to a stronger start for the U.S. job market than what economists across the country predicted. Over 467,000 jobs were added in January, more than twice what was expected, according to the U.S. Bureau of Labor Statistics report released today. The unemployment rate remained close to December 2021’s level, at 4 percent.

The BLS also adjusted job growth numbers from late 2021, reporting improved numbers for the last two months of the year. December’s jobs totaled 510,000 after being initially reported as a gain of 199,000. November also increased to 647,000 from the previously reported 249,000. To many economists’ surprise, the positive changes brought last year’s total to 6.7 million, making 2021 the biggest single-year gain for added jobs in U.S. history.

As the U.S. approaches two years since the beginning of the pandemic in February 2020, the unemployment rate and the number of jobless Americans are slowly but surely returning to pre-pandemic levels. Nonetheless, American workers are still leaving their jobs at astonishing levels during the Great Resignation. The number of workers who left positions increased to 952,000 in January, after a decrease in the prior month.

Ready to start 2022 with a new professional opportunity? We’re here to help you find the right job match for you. Addison Group is a specialized professional services firm focused on building relationships and human connections to help candidates, consultants, and clients find each other. Reach out today.

Report details provided by the U.S Bureau of Labor Statistics (BLS)


Sorell Grow, Content Writer - Addison Group

Author: 
Sorell Grow
Content Writer, Addison Group

As the Content Writer for Addison Group and its family of brands, Sorell writes blogs, articles, report recaps, e-books, marketing collateral and website copy for a variety of industries including Tech, Finance and Accounting, Healthcare, Digital Marketing, Cloud Solutions, Engineering, and IT.

When not clicking away at her laptop keyboard, Sorell can usually be found creating playlists on Spotify, hiking or attempting to cook a new plant-based recipe.

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