Adjustments to Dec and Nov were revised up by 126K . total, driven somewhat by govt hiring.
January spikes are the rule, not the exception.
The hidden stat may tell the real story:
US Average Weekly Hours:
34.1 vs 34.3 consensus and 34.3 prior. It does not seem like a big deal until you know that it’s lower than any point in the last 10-years other than the first month of COVID . So part time jobs.
But make no mistake about it, the Biden administration will use the economy and improving numbers to convince people Biden is doing a great job even though it looks like the jobs are post covid recovery and are part time and productivity is driven by AI.
Trump needs to woo independent women voters (he’s under water in all polls by almost 2 to 1 with these females -mainly because he can’t help himself on silly name calling not jobs #s).
It's almost like he wants to lose deep down. There doesn't seem to be anyone in his inner circle who can tell him to stop that. Rebutting the media/Democrat claim that the economy is great is also essential. He will lose if he can't do that. I doubt that he can do it though.