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US job growth soars past expectations with 467,000 added, shaking off omicron surge
FoxBusiness.com ^ | 2/4/2022 | Megan Henney

Posted on 02/04/2022 6:20:17 AM PST by mykroar

U.S. job growth blew past expectations in January, brushing off a record-breaking surge in COVID-19 cases nationwide that loomed over the economy as it threatened to sideline millions of workers.

The Labor Department said in its monthly payroll report released Friday that payrolls in January rose by 467,000, easily topping the 150,000 jobs gain forecast by Refinitiv economists. The unemployment rate, which is calculated based on a separate survey, ticked up slightly to 4%.

This is a developing story. Please check back for updates.


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: biden; bideneconomy; bidennomics; braking; covid; ismellbs; jobs; joebiden; omicron; payroll; unexpected
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video at link explains it's mostly it's the Republican states that have essentially completed recovered. But still not sure I believe the numbers.
1 posted on 02/04/2022 6:20:17 AM PST by mykroar
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To: mykroar

The unemployment rate, which is calculated based on a separate survey, ticked up slightly to 4%.


Also in the article.


2 posted on 02/04/2022 6:22:44 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: mykroar

So days of articles saying the White House was concerned by the bad upcoming jobs report today, then they outperform the lowered expectations...


3 posted on 02/04/2022 6:23:51 AM PST by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team sco uts photo-op locations.)
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To: mykroar

People are running out of their bonus unemployment and stimmy money, and having to “get a job” (sha na na na).


4 posted on 02/04/2022 6:28:14 AM PST by babble-on
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To: PghBaldy

5 posted on 02/04/2022 6:28:30 AM PST by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: PghBaldy

No amount of contorting the news by the media will affect Biden’s p*ss poor popularity polls as long as prices keep shooting up.


6 posted on 02/04/2022 6:28:38 AM PST by skeeter
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To: mykroar

ADP shows tepid jobs. Goldman expected -250k. Market consensus was +125k. And then BLS comes out with +475K and MASSIVE revisions to November and December! Of course the note on “adjustments” was everything. Remove the adjustments and you have -125K.


7 posted on 02/04/2022 6:31:02 AM PST by Solson (DeSantis/Hawley 2024!)
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To: mykroar

When you low ball expectations anything above them is considered good.

The whole Biden administration’s expectations are below curb level low.


8 posted on 02/04/2022 6:31:12 AM PST by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: mykroar

Agree...Unemployment went up, too???


9 posted on 02/04/2022 6:32:57 AM PST by Sacajaweau ( )
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To: Sacajaweau

>Agree...Unemployment went up, too???

People returning to the labor pool


10 posted on 02/04/2022 6:34:33 AM PST by struggle
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To: struggle

Exactly- the only reason the unemployment rate went down despite crappy jobs reports the past six months was due to the fact the job participation rate also dropped.


11 posted on 02/04/2022 6:36:33 AM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: logi_cal869
My favorite Mark Twain quote is "the coldest winter I ever spent was a summer in San Francisco." I grew up in the Bay Area, and it's pretty close to reality.

My dad took me to many Giants games at Candlestick. One evening, Sandy Koufax was pitching for the Dodgers. Giants hitters never had a chance once the fog started rolling in over the left field fence.

12 posted on 02/04/2022 6:40:55 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Sacajaweau

Every year the Jan BLS report is a piss poor indicator. It’s loaded with adjustments due to the temp Christmas jobs going away.


13 posted on 02/04/2022 6:45:04 AM PST by teevolt
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To: PghBaldy
So days of articles saying the White House was concerned by the bad upcoming jobs report today, then they outperform the lowered expectations...

I noticed that too.

14 posted on 02/04/2022 6:51:53 AM PST by libertylover (Our BIGGEST problem, by far, is that most of the media is hate & agenda driven, not truth driven.)
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To: PghBaldy
So days of articles saying the White House was concerned by the bad upcoming jobs report today, then they outperform the lowered expectations...

Stasi propaganda would be impressed.

15 posted on 02/04/2022 6:54:11 AM PST by 1Old Pro
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To: mykroar

Somebody been smokin’ da happy smoke.


16 posted on 02/04/2022 6:57:42 AM PST by FlingWingFlyer (You can vote your way into socialism but you have to shoot your way out of it.)
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To: teevolt

Oil at 92 dollars a barrell.


17 posted on 02/04/2022 6:57:51 AM PST by cowboyusa (America Cowboy up! )
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To: mykroar

It will be adjusted down during the middle of the week when no one is paying attention.


18 posted on 02/04/2022 7:00:00 AM PST by CAluvdubya (<---Need to change my name to CAluvNV since I now live in NV. )
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To: mykroar

And they adjusted the numbers for December and November.

The Ministry of Truth never lies. That would be a contradiction, wouldn’t it?


19 posted on 02/04/2022 7:00:25 AM PST by Vermont Lt
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To: struggle

Psakiā€™s 9 million people who called out sick must have gone back to work /s


20 posted on 02/04/2022 7:02:09 AM PST by freedomispriceless
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