Job Market January 2024. Employers added 353,000 jobs in january, far exceeding forecasts, and revised figures showed last year was even stronger than previously reported. January’s job gains dashed market expectations for a fed rate cut to come sooner than later, perhaps as early as march, and for the central bank to cut as many as six times in.

For now, the downtrend in employment since the beginning of 2022 may have temporarily abated. The labor market added 353,000 jobs in january, far more than expected, in a sign that economic growth remains vigorous.