The economy added 304,000 jobs in January, the Labor Department reported on Friday, well above the 165,000 economists had anticipated. It marks 100 consecutive months of job growth, which began in the middle of President Obama’s first term following the Great Recession.
The report comes despite a five-week shutdown that lasted most of the month, It dramatically revised downward the stellar December jobs report, which was revised down to 222,000 from the original 312,000 estimate.
The unemployment rate ticked up to 4 percent from 3.9 percent, even as figures on labor participation remained steady.
Read more at The Hill.
{Matzav.com}
