U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.
cases nationwide that threatened to sideline millions of workers and kept many consumers at home.
The surprise gain comes after the Biden administration spent the week publicly bracing for an ugly report that officials warned could show the economy actually lost jobs last month. But COVID-19 cases have eased in recent weeks, with the seven-day moving average falling to 596,860, down 20% from the prior week, according to the Centers for Disease Control and Prevention.
Economists expect job growth to climb even higher in coming months as the omicron variant recedes from public life.
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