In a big surprise, the job market surged in January even as omicron cases spiked

  • 📰 WBUR
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. employers added 467,000 jobs last month despite a surge of coronavirus infections. The unemployment rose to 4% from 3.9% in December.

A man wearing a face mask walks past a"Now Hiring" sign in front of a store on Jan. 13, in Arlington, Va. The labor market is showing resilience despite a recent spike in omicron-related coronavirus infections. The U.S. job market came through January in much better shape than expected despite a winter wave of coronavirus infections., far outpacing even the most optimistic forecasts. The gains came despite a surge in COVID-19 cases tied to the omicron variant.

The positive jobs report was welcome news for the Biden administration, which had been bracing for less favorable numbers. The share of people working or looking for work increased, spelling possible relief on the horizon for employers who have struggled at times to fill job vacancies. "We have an economy that is learning to continue to function even in the face of a wave such as omicron," said White House economic adviser Cecelia Rouse.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 274. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US 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. Very dicey dicey happening not a clear clear going everywhere
Source: FoxBusiness - 🏆 458. / 53 Read more »