U.S. Economy Added 353,000 Jobs In January, Beating Expectations; Entertainment Industry Continues To Recover After Strikes

The U.S. economy added 353,000 jobs in January, above expectations and further indication that the market remains robust despite fears of a recession.

Unemployment remained unchanged at 3.7%. The biggest gains were in professional and business services, health care, retail trade, and social assistance, according to the Bureau of Labor Statistics.

There also were gains in the entertainment industry, with the strikes down in the rearview mirror. Employment in motion picture and sound recording rose to 444,800, up 11,700 from the previous month. Broadcasting and content provider jobs were largely unchanged at 343,600. Employment in publishing industries rose to 938,000, up 2,900.

More to come.