U.S. Lost 301,000 Jobs in January vs. Predicted 200,000 Gained

[Geee]

PJ Media

Payroll firm ADP says the US lost more than 300,000 jobs in January, and omicron is taking the blame.

December’s impressive jobs gains were also revised downwards.

“Unexpectedly” is the code word once again, as Wall Street had predicted the economy would produce 200,000 new jobs instead.

January is the first month since December 2020 that the economy has lost jobs.

Despite White House boasts that 2021 produced more jobs than any other year, we’re still more than 3.5 million jobs shy of where the economy was in February 2020, before the demonstrably useless COVID shutdowns.