Unemployment rate grows to 4%
The Labor Department reported that the U.S. economy added 467,000 jobs in January. In November and December combined, Job growth was about 700,000 higher than previously reported
By Yashasvini Razdan
Published - Feb 04, 2022, 09:09 PM ET
Last Updated - Feb 15, 2024, 06:47 AM EST
• Share of adults working or looking for jobs jumped from 61.9% to 62.2%
• Rising Omicron cases added to labor shortage dissuading employers from layoffs
The surge in COVID-19 cases due to the Omicron variant of the coronavirus has not hindered job growth as employers are swiftly hiring workers.
The Labor Department reported that the U.S. economy added 467,000 jobs in January. In November and December combined, Job growth was about 700,000 higher than previously reported.
