4 key takeaways from the jaw-dropping January jobs report

America’s job market demonstrated its stunning resilience Friday, besting expectations by a factor of nearly three and making all those recession forecasts look pretty silly.

Earlier this week, the consensus estimate among economists was that the US economy likely added about 185,000 jobs in January. That would have been a solid gain, still above the pre-pandemic average.

But the economy had other ideas, adding more than half a million jobs in January.

Here are three key things to take away from Friday’s jobs report.

 

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