The January Jobs Report was released last week and most experts agree… the news is good.
The economy added 467,000 jobs in January, well outpacing initial estimates of 150,000. Leisure and hospitality were the biggest winners, followed by professional and business services.
But the best news came from revisions to the numbers from the past two months… the November and December numbers were revised up by a total of 709,000 jobs!
The bottom line is we’re closing in on pre-pandemic employment levels and most experts agree that the labor market is heading in the right direction.
Market Recap Week of 1/31/2022 Through 2/04/2022 – Daily Flash Briefing
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