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 […]
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