Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge
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The cagey codger did it! He did it while multi-tasking as he deals with a pandemic, threats from Russia, eliminated an ISIS leader and interviews potential Supreme Court Justices.
Nonfarm payrolls rose 467,000 in January, well ahead of the 150,000 Wall Street estimate.
Leisure and hospitality led the gains, while professional and business services and retail also posted big numbers.
Wages surged, rising 0.7% for the month and 5.7% for the year.
Massive revisions juiced up the November and December totals by 709,000.
I know that every person who who criticizes Joe Biden whenever there are any negative economic indicators will rush to congratulate and compliment him on all these positive numbers.
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