Source: Sylvan Lane, THE HILL, 2/4/22


Rarely have so many economists been so glad to be so wrong about the jobs report. The U.S. economy added 467,000 jobs in January and the unemployment rate budged little at 4 percent, according to the Labor Department, despite widespread fears of an omicron-driven employment wipeout. While most economists expected the U.S. to lose jobs amid a record-breaking surge of COVID-19 cases, the January jobs report showed just how resilient the recovery has been — and for far longer than it seemed.

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