The economy gained a surprise 467,000 jobs in January, and the unemployment rate stayed relatively flat, rising slightly to 4 percent from 3.9 percent, according to Friday’s monthly employment report from the Bureau of Labor Statistics.
The report also revised the number of jobs added in December, which had previously been reported as 199,000. The actual number was 510,000.
“America is back to work,” President Joe Biden said in remarks delivered from the White House Friday morning. Citing "the strongest economic growth in nearly 40 years," Biden said: “We have the tools to sustain this historic economic comeback."
"Making sure every American has a job is a great start, but it’s not the finish," Biden said.
The numbers suggested there was more resilience in the economy than had been predicted, despite the effects of the omicron variant on public health: Economists’ expectations had varied wildly, with some predicting a gain of 150,000 jobs, while others projected a loss of as many as 400,000 positions.