US Private Payrolls Surged In January

Meantime, it’s clear that the case for growth in the near term remains compelling. Exactly what the growth rate will be is open for debate, in part because of the recent weakness in the housing sector. But perhaps that corner of the economy will find some healing in the months ahead via the strong labor market.

“This jobs report is showing no evidence of an economy slowing, certainly not falling into recession,” says Michelle Meyer, chief United States economist for Bank of America Merrill Lynch.

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