Many experts expected job numbers to fall last month. Instead, they increased, suggesting a lot more hiring is likely to come.
The national job outlook is looking brighter as last month's job numbers grew and the previous month's totals were adjusted higher.on Friday, which came as a huge surprise, even to the experts.
"There was even some expectation that the job report would show some job losses." said Labor Lawyer Michael Bernick of the Duane Morris law firm, a former EDD Director. "It showed revision of the numbers in December of an additional 300,000 plus jobs."He sees this as a major turn in the job market. "We've built up such a remote structure of work now that even with these shutdowns, people keep working. Even with, perhaps additional variants, the economy is strong," said the former EDD Director. "We have this remote work structure and they're moving ahead and hiring,""Part of it the confidence of workers, in other words, seeing that there are a lot of jobs out there, seeing something better, they’re moving on.
"We're in a very strong, tight labor market where employers can't find enough workers and employers are confident enough to continue to hire At the same time, we have this very high inflation rate that wiping out a lot of the worker gains." said Bernick.If the U.S. can get inflation down and under control, the economy should boom as never before.
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