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The U.S. economic system added 353,000 jobs in January, effectively above expectations and additional indication that the market stays strong regardless of fears of a recession.

Unemployment remained unchanged at 3.7%. The greatest positive factors have been in skilled and enterprise companies, well being care, retail commerce, and social help, in accordance with the Bureau of Labor Statistics.

Average hourly earnings rose by 19 cents through the month. The improve has been 4.5% over the previous 12 months.

There additionally have been positive factors within the leisure business, with the strikes down within the rearview mirror. Employment in movement image and sound recording rose to 444,800, up 11,700 from the earlier month.

Despite current information of widespread layoffs within the information enterprise all through the month, broadcasting and content material supplier jobs have been largely unchanged at 343,600. Employment in publishing industries rose to 938,000, up 2,900. The BLS usually adjusts its information as extra data turns into accessible. And general, employment in data industries — which embody leisure, publishing and broadcasting — is down 76,000 since a current peak in November, 2022.

There have been additional brilliant spots within the report: The BLS revised its estimates of job development in November by 9,000 further jobs, to 182,000, and in December by 117,000, to 330,000.

Some projections had been that the economic system would add 180,000 jobs throughout January.

More to return.