Posted on

January 2022 Jobs Report: Strong Gains Show Resilient Economy


A record-setting spike in coronavirus cases kept millions of workers at home in January and disrupted businesses from coast to coast. But it couldn’t knock the U.S. job-market recovery off course.Employers added 467,000 jobs in January, seasonally adjusted, the Labor Department said on Friday. The report smashed the projections of economists, who had been expecting the wave of coronavirus cases associated with the Omicron variant to lead to anemic gains, if not an outright decline in jobs. Instead, employers kept on hiring.“Clearly something is different about this surge,” said Julia Pollak, chief economist for the career site ZipRecruiter. Companies that struggled all fall to recruit workers weren’t about to reverse course just because cases shot up for a few weeks, she said. Even restaurants and hotels, which slashed jobs during earlier pandemic waves, hired workers last month.“Employers who have been engaged in this dogfi …

Read More