January 2022 Jobs Report: 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. 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.

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