U.S. Labor Market Surges with 353,000 New Jobs in January, Crushing Expectations In January, the U.S. economy showcased its resilience by adding 353,000 jobs, significantly surpassing the Dow Jones estimate of 185,000. Meanwhile, the unemployment rate remained steady at 3.7%, defying expectations of a rise to 3.8%. Remarkably, average hourly earnings surged by 0.6% for the month, doubling the forecast and indicating a year-over-year wage increase of 4.5%, which outpaced the predicted 4.1%. The expansion in employment was broad-based, with professional and business services, health care, and retail trade leading the contributions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Political Uncertainty Drives Britons to Gold, Reports Royal Mint READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns READ MORE The Regional Banking Crisis Never Ended READ MORE Could Central Bank Buying Send Gold to $3,000? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment