watch
now
The
U.S.
labor
market
continues
to
surprise
economists
and
Wall
Street
with
its
resilience,
as
broad
job
gains
in
January
led
to
employment
growth
of
353,000.
The
hiring
was
led
by
health
care
and
social
assistance,
which
added
more
than
100,000
jobs.
If
you
include
private
education
in
that
category,
as
some
economists
do,
that
total
jumps
to
112,000
jobs.
Health-care
job
growth
was
boosted
by
33,000
net
hires
in
ambulatory
health
services
and
20,000
in
hospitals,
according
to
the
Bureau
of
Labor
Statistics.
Professional
and
business
services
was
another
area
of
strength,
adding
74,000
jobs.
That
is
well
above
the
monthly
average
of
14,000
from
last
year.
Manufacturing
employment
jumped
by
23,000
jobs
after
seeing
little
growth
last
year.
Chemical
manufacturing
accounted
for
7,000
of
those
jobs.
“Job
gains
were
broadly
distributed
across
the
economy,
with
even
manufacturing
and
retail
—
two
sectors
where
job
growth
was
particularly
weak
in
2023
—
posting
strong
gains,”
Julia
Pollak,
chief
economist
at
ZipRecruiter,
said
in
a
note.
Mining
and
logging
was
the
weak
spot,
losing
7,000
jobs,
even
though
the
sub-category
of
oil
and
gas
extraction
saw
a
slight
gain,
according
to
the
BLS.
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