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February 10, 2020

Hiring surges in January as Americans flood into job market

  • The public's confidence that jobs are plentiful is helping persuade more people outside the workforce to begin looking for one.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — Hiring jumped last month as U.S. employers added a robust 225,000 jobs, bolstering an economy that faces threats from China's viral outbreak, an ongoing trade war and struggles at Boeing.

    The Labor Department also said Friday that a half-million people streamed into the job market in January, though not all of them found jobs. That influx meant that more people were counted as unemployed, and it boosted the jobless rate to 3.6% from a half-century low of 3.5% in December.


     
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