Mumbai, Feb. 5 -- Signaling continued strength in the labor market, the Labor Department released a closely watched report on Friday showing employment in the U.S. soared by much more than expected in the month of January.
The Labor Department said non-farm payroll employment spiked by 353,000 jobs in January.
The report also showed significantly stronger than previously reported job growth in December, with employment surging by 333,000 jobs during the month compared to the jump of 216,000 jobs that had been reported.
Meanwhile, the Labor Department said the unemployment rate in January came in unchanged from the previous month at 3.7 percent.
The unemployment rate came in unchanged as the labor force shrank by 175,000 persons, while ...