Last Wednesday, the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 130,000 in January, its strongest monthly growth in over a year, while the unemployment rate fell from 4.4% to 4.3%. The healthcare sector accounted for most of the growth with 82,000 new jobs, but declining employment in state and federal governments, finance, and the information sector offset some of those gains. The release was delayed five days due to the partial government shutdown, which ended on February 3.
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