Nonfarm Payrolls Crash All Estimates in January: 5 Top Picks

On Feb 2, the Department of Labor reported that the U.S. economy added 353,000 nonfarm jobs in January, well above the consensus estimate of 185,000. Moreover, total job additions of the previous two months were revised upwardly by 126,000.Major sectors that added jobs included professional and business services (74,000), health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000).The unemployment rate in January was 3.7%, the same as in December. ...