The U.S. economy created nearly double the expected number of jobs in January, extending a robust pace set last year after President Donald Trump’s $1.5 trillion of tax cuts stimulated growth.
Nonfarm payrolls climbed by about 304,000 in January, the Department of Labor’s Bureau of Labor Statistics said in a report on Friday, Feb. 1. That level was well above economists’ average estimate of 165,000 new jobs in a survey by the data provider FactSet.
