U.S. added 467,000 jobs in January despite omicron variant surge
S E E D E D C O N T E N T
A “We're Hiring!” sign outside a gas station in La Grange, Ky., on Jan. 29, 2022. (Luke Sharrett/Bloomberg)
The U.S. economy added 467,000 jobs in January as the omicron variant spiked to record heights, with the labor market performing better than many expected two years after the pandemic began.
The monthly report, released by the Department of Labor, stems from a survey taken in mid-January, around the time the omicron variant was beginning to peak, with close to 1 million new confirmed cases each day. The rapid spread during that period upended many parts of the economy, closing schools, day cares and a number of businesses and forcing parents to scramble.
But the labor market, according to the new data, performed very well during that stretch.
In addition to the robust January, the Department of Labor also more than doubled its tabulations of jobs gains for November and December. The U.S. economy added 647,000 in November, not the 249,000 the Labor Department had estimated. And it added 510,000 jobs in December, not the 199,000 initially forecast.
That means that there were some 700,000 more jobs added at the end of last year than previously estimated — showing a labor market with considerable momentum heading into the new year.
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The U.S. economy added 467,000 jobs in January as the omicron variant spiked to record heights, with the labor market performing better than many expected two years after the pandemic began.
Somebody is lying.
"Somebody is lying."
Not who you are implying.
The monthly report, released by the Department of Labor, stems from a survey taken in mid-January, around the time the omicron variant was beginning to peak, with close to 1 million new confirmed cases each day. The rapid spread during that period upended many parts of the economy, closing schools, day cares and a number of businesses and forcing parents to scramble.
But the labor market, according to the new data, performed very well during that stretch.
In addition to the robust January, the Department of Labor also more than doubled its tabulations of jobs gains for November and December. The U.S. economy added 647,000 in November, not the 249,000 the Labor Department had estimated. And it added 510,000 jobs in December, not the 199,000 initially forecast.
That means that there were some 700,000 more jobs added at the end of last year than previously estimated — showing a labor market with considerable momentum heading into the new year.
"...showing a labor market with considerable momentum heading into the new year". . yet another success
for the Democrats and the Biden Administration!