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Surprising January Jobs Numbers May Be Lagging Indicator Propped up by Delayed Layoffs

by Just The News
February 4, 2023
in Economy
Surprising January jobs numbers may be lagging indicator propped up by delayed layoffs

While the January jobs report far exceeded market expectations, some analysts have suggested that the higher figure may be a lagging indicator that doesn’t capture pending mass layoffs and subsequent jobs reports are likely to reflect more modest growth.

The U.S. economy added 517,000 non-farm jobs in the first month of 2023, with tangible gains in several industries and the return of education workers to the workforce at the end of a strike accounting for many of the gains.

The consensus forecast , according to Dow Jones, had predicted a net gain of roughly 187,000 jobs. Some economists had expected the […]

Read the rest of this story here: justthenews.com

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Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

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