The US economy added 467,000 jobs in January, much more than expected

February 4, 2022

A person goes to a State Employment Office in the US, in a file photograph (EFE/Justin Lane/File)

Despite a new wave of COVID-19 infections caused by the Omicron variant, The US economy added 467,000 jobs in January, according to official figures released this Friday, much better than expected.

The Labor Department report, which also showed that the unemployment rate rose slightly to 4% in January, was a positive surprise for the world’s largest economy, as many analysts expected labor hiring to be weak or negative in the first month of 2022.

Restaurants and bars added more than 100,000 jobs. Jobs in logistics and business services also increased.

Even so, the Omicron variant of the coronavirus left its mark in American workers last month. The number of people working remotely because of the virus increased to 15.4%. Likewise, the number of people unemployed for less than five weeks grew.

The strong increase in recruitment, which was unexpected, demonstrates the eagerness of many employers to hireeven as the pandemic maintains its grip on the economy. The companies seem to have considered that the wave of Ómicron has at most a temporary impact on the economy and they continue to trust in long-term growth.

(With information from AFP and AP)

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Reference-www.infobae.com