The US economy added 353,000 jobs in January, surpassing economists' forecasts, and hourly wages rose 0.6% from the previous month, outpacing inflation.
Why it matters
The unexpected strength in the labor market is significant as it defies concerns about a potential economic slowdown and has implications for inflation and interest rate policies.
What the papers say
The New York Times and Axios emphasize the surprising strength of the labor market and its implications for inflation and interest rate policies. The Independent and AP News highlight the resilience of the US economy and the unexpected job growth despite concerns about inflation and interest rates.
How we got here
The US economy has shown remarkable strength in job growth and wage increases, despite concerns about inflation and interest rates.
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