Payrolls rose in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday.
Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate.
The gain came a week after the White House warned that the numbers could be low due to the pandemic. Most economists had expected January’s number to be tepid due to the virus, though they were looking for stronger gains ahead.
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