January's Job Market Was Even Better Than You Think
So much for that winter chill
Payrolls Increase More Than Forecast
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Today's January jobs report crushed expectations, and a closer look at the data shows why economists are euphoric about the U.S. labor market.
The 257,000 jobs added in January followed a 329,000 reading in December and a 423,000 in November that were bigger than the Bureau of Labor Statistics initially reported. A lot bigger. The revisions added a whopping 147,000 jobs in those two months, bringing the three-month average to a little more than 336,000.