U.S. Labor Market Adds 353,000 Jobs,
Written by Black Hot Fire Network on February 3, 2024
February 3, 2024
The U.S. labor market added 353,000 jobs in January, continuing an upward trend and significantly outpacing expectations as Black unemployment hits a historic low.
The January total brings the 2023 monthly job gain average to 255,000. The January gains are almost double what forecasters expected, a sign of the surprising economic strength and gross domestic product measurements for the fourth quarter of 2023. Average hourly earnings were also on the rise.
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