Mumbai, Feb. 12 -- A closely watched report released by the Labor Department on Wednesday showed employment in the U.S. increased by much more than expected in the month of January.
The Labor Department said non-farm payroll employment jumped by 130,000 jobs in January after rising by a downwardly revised 48,000 jobs in December.
The stronger than expected job growth largely reflected a sharp increase in employment in the health care and social assistance sector, which surged by 123,500 jobs.
Notable job growth was also seen in the construction sector, while the government and financial activities sectors shed jobs.
The report also said the unemployment rate edged down to 4.3 percent in January from 4.4 percent in December.
The unexpec...