500,000 Fewer Jobs Created in January Than Expected – IOTW Report

500,000 Fewer Jobs Created in January Than Expected

PJ Media

Payroll firm ADP says the US lost more than 300,000 jobs in January, and omicron is taking the blame.

December’s impressive jobs gains were also revised downwards.

“Unexpectedly” is the code word once again, as Wall Street had predicted the economy would produce 200,000 new jobs instead. More

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