US jobs report for January is likely to show that steady hiring growth extended into 2024
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Published Feb 02, 2024 • 5 minute read
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WASHINGTON (AP) — Few saw this coming.
A year ago, most economists envisioned a bleak 2023 for the United States. The economy, they warned, seemed sure to falter, probably sinking into a recession, with employers adding barely 100,000 jobs a month on average, enough to keep up with population growth but not much more.
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No recession arrived. Instead, lots more jobs did — a monthly average last year of 225,000. The job market defied the doomsayers and shaken off the ever-higher interest rates that the Federal Reserve engineered to fight high inflation.
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The Associated Press
2024-02-02 00:04:53
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