2-3-2022
Bureau of Labor Statistics.
Huge revisions sent previous months considerably higher.
December, which initially was reported as a gain of 199,000, went up to 510,000.
November surged to 647,000 from the previously reported 249,000.
For the two months alone, the initial counts were revised up by 709,000.
Those changes brought the 2021 total to 6.665 million, easily the biggest single-year gain in U.S. history as employers hired back workers they dismissed during the worst of the pandemic.
Taken together, the combined January numbers and previous two months’ revisions suggest that the record-breaking omicron wave did not have nearly
the same impact on the economy as the delta wave
of Covid did last summer and fall.
For January, the biggest employment gains came in leisure and hospitality, which saw 151,000 hires, 108,000 of which came from bars and restaurants.
Along with the big upside surprise for January’s job numbers, huge revisions sent previous months considerably higher.
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