Money | jobs report Economists Expected Lousy Jobs Report, Got the Opposite Employers added 467K jobs in January, way above estimates By John Johnson Posted Feb 4, 2022 7:55 AM CST Copied A hiring sign is placed at a booth during a job fair in the West Hollywood section of Los Angeles last September. (AP Photo/Marcio Jose Sanchez, File) Economists were expecting a lousy jobs report on Friday, but it came in much stronger than expected. Employers seem to have weathered the omicron surge in January better than anticipated. The numbers: Jobs: Employers added 467,000 jobs in January, the Labor Department reported. Estimates varied widely ahead of the release, notes CNBC. A common forecast was for a more modest gain of 150,000 jobs, but many analysts expected the number to actually decline because of the COVID variant. The outlet describes the final number as a "stunning gain." The rate: The unemployment rate ticked up to 4% from 3.9%, which is still near historical lows, per the Wall Street Journal. Context: This is the biggest monthly gain since October, all the more impressive because stats were collected when omicron was at its peak in the US, causing about 1 million new cases a day, notes the Washington Post. "The new numbers show that there is sufficiently strong momentum in the job market, enough so to keep chugging along despite a public health crisis," writes Emily Pack at Axios. Read These Next Sienna proves herself to be a very, very good dog. Three hikers jumped into a waterfall and never resurfaced. America has lost a '60s teen idol. It's a scary finding for those who have regular nightmares. Get breaking news in your inbox. What you need to know, as soon as we know it. Sign up Report an error