Jobs Boom in January Outpaces Forecasts, Challenging GOP Economic Critiques
• January saw blowout job growth, adding 353,000 jobs, far surpassing forecasts • Strong job market counters Republican claims of a weakening economy • End of price spikes means best of both worlds for policymakers - growth without inflation • Likely shuts door on Fed interest rate cut in March that many Democrats wanted • Despite economic strength, political polling still shows voters disapprove of Biden's economic handling