The healthy gain the government reported Friday illustrated the job market's resilience nearly a decade into the economic expansion. The government on Friday also sharply revised down its estimates of job growth in November and December. Last month's healthy job gain will assuage some concerns that had arisen about the U.S. economy. Swonk cautioned that some quirks likely inflated last month's job gain. But some say that even businesses that lost income from the shutdown likely held onto their staffs, knowing that the shutdown would only be temporary.

Source: ABC News February 01, 2019 13:36 UTC