Payrolls jump by 467,000 as unemployment rate rises to 4.0%

U.S. employers added back far more jobs than expected in January even as Omicron cases surged at the beginning of the new year.

The Labor Department released its January jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

  • Non-farm payrolls: +467,000 vs. +125,000 expected and a revised +510,000 in December

  • Unemployment rate: 4.0% vs. 3.9% expected, 3.9% in December

  • Average hourly earnings, month-over-month: 0.7%…


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