Surprise! The labor market report defies gloomy expectations. - a podcast by Marketplace

This morning’s labor market report is like going into a meeting with the boss expecting to be fired and getting a promotion instead. The Labor Department says the economy added nearly 470,000 jobs in January, far higher than expected. This is despite earlier surveys showing omicron was leaving businesses short staffed and impacting consumer spending. Following that, Jared Bernstein of the White House’s Council of Economic Advisers, as well as economist Christopher Low, join us to break down the latest data on hiring and unemployment. A winter storm is gripping much of the country, as are rising heating costs. Texas’ recent experience with harsh winter blackouts is still on the minds of many of its residents. The Beijing Olympics aren’t being expected to bring in lots of money. 

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