‘Stunning’ US jobs growth of 353,000 far outstrips estimates

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The US economy added 353,000 jobs in January, almost twice as many as forecast, in “stunning” figures that led investors to slash expectations for interest rate cut in March.

Economists had expected a 180,000 jobs increase for last month, according to an LSEG survey.

Tom Simons, US economist at Jefferies, described…