US employers shrug off omicron, add 467,000 jobs in January

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US employers shrug off omicron, add 467,000 jobs in January
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BREAKING: U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron inflections that sickened millions of workers, kept many consumers at home and left businesses short-staffed. The strong hiring gain was unexpected.

The Labor Department’s report Friday also showed the unemployment rate ticked up from 3.9% to 4%. Estimated job growth for December was also revised much higher, from 199,000 to 510,000.

The overall outlook for the job market remains bright, with openings near a record high, the pace of layoffs down and the unemployment rate having already reached a healthy level. The nation gained more jobs last year, adjusted for the size of the workforce, than in any year since 1978. The unemployment rate fell by nearly 3 percentage points — from 6.7% to 3.9% — the sharpest yearly decline on records.

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US companies unexpectedly slash jobs in January as omicron surge batters economyUS companies unexpectedly slash jobs in January as omicron surge batters economyPrivate job growth stumbled in January as surging omicron cases weighed on the economy's recovery from the pandemic.
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