Jobs Report: Jobs Report Shows Robust Gains For January And Revises Prior Months Upward The New York Occasions

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  • “These numbers don’t indicate an overheated financial system and shortages that may drive up inflation,” Mr. Holdrich mentioned.
  • Economists in a Bloomberg survey forecast a 50 p.c chance of a recession within the next 12 months, the lowest it has been this year.
  • The unemployment price stayed at three.7%, just above a half-century low.
  • Data for the report was collected in mid-January, when infections from the Omicron variant of the coronavirus reached a crest.

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