According to the Labor Department, U.S. jobs grew by 353,000 in January, marking a larger-than-expected jump, reports The New York Times. The unemployment rate remained at 3.7 percent.
“There’s layoffs happening, but workers are able to find new positions,” said Sara Rutledge, an independent economics consultant. “It’s almost like a ‘pinch me’ scenario.”
January’s growth followed two consecutive months of job increases. In 2023, the monthly average job gain was 255,000. Full Story
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