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Breaking: Hiring boomed in January with a robust 353,000 jobs added, highlighting a labor market that continues to defy expectations

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Fri Feb 2 2024

What the jobs market is signaling about the economy and interest rates

MIAMI, FLORIDA - DECEMBER 03: A Now Hiring sign hangs in front of a Winn-Dixie grocery store on December 03, 2021 in Miami, Florida. The Labor Department announced that payrolls increased by just 210,000 for November, which is below what economists expected, though the unemployment rate fell to 4.2% from 4.6%. (Photo by Joe Raedle/Getty Images)

Employers added 353,000 jobs in January and unemployment was 3.7%. Hiring likely to slow in 2024 after a COVID-related surge the past couple of years.

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