U.S. job growth unexpectedly surged in January, underscoring the resilience of the labor market even in the face of high interest rates and stubborn inflation.

Employers added <a href="https://www.foxbusiness.com/video/6344329551112" target="_blank"><u>353,000 jobs in January</u></a>, the Labor Department said in its monthly payroll report released Friday, easily topping the 180,000 gain forecast by Refinitiv economists.&nbsp;

The unemployment rate held steady at 3.7%.

<i>This is a developing story. Please check back for updates.</i>

The January jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.{ai:summary}<p>U.S. job growth surges in January, beating expectations, despite high interest rates and inflation. 353,000 jobs added, unemployment rate remains steady at 3.7%. #economy</p>

US job growth unexpectedly jumps in January as economy adds 353,000 new positions

Loading...