Luke Sharrett Usa Washington state Indiana covid-19 economy reports Luke Sharrett Usa Washington state Indiana

US job growth soars past expectations with 467,000 added, shaking off omicron surge

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A 'Now Hiring' sign outside a Wendy's fast food restaurant in Seymour, Indiana, U.S., on Monday, Dec. 6, 2021. Photographer: Luke Sharrett/Bloomberg via Getty Images WASHINGTON - U.S.

job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.The Labor Department said in its monthly payroll report released Friday that payrolls in January rose by 467,000, easily topping the 150,000 jobs gain forecast by Refinitiv economists.

The unemployment rate, which is calculated based on a separate survey, ticked up slightly to 4%.The surprise gain comes after the Biden administration spent the week publicly bracing for an ugly report that officials warned could show the economy actually lost jobs last month.

But COVID-19 cases have eased in recent weeks, with the seven-day moving average falling to 596,860, down 20% from the prior week, according to the Centers for Disease Control and Prevention. "We created 467,000 jobs in January.

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Russian oligarch Alisher Usmanov’s $600M yacht seized in Germany: reports
Authorities in Germany this week seized a lavish $600 million yacht belonging to a Russian oligarch, according to reports.The Dilbar, a 512-foot vessel belonging to billionaire Alisher Usmanov, was taken over by authorities while it was being refitted in a German shipyard, Forbes reported.The business magazine learned about the move Wednesday, just two days after Usmanov was sanctioned by the European Union as part of its response to Russia’s invasion of Ukraine, the report said.The EU has accused Usmanov of being a close ally of Russian President Vladimir Putin and a supporter of Russia’s 2014 invasion of Crimea, the Washington Examiner reported.Usmanov on Tuesday confirmed that financial actions had been taken against him."On 28 February 2022 I became the target of restrictive measures imposed by the European Union I believe that such decision is unfair, and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity, and business reputation," he wrote Tuesday.The statement was posted on the website of the International Fencing Federation, where the former professional fencer served as president since 2008 until stepping down Monday, the Examiner reported.The Dilbar had been undergoing work at a shipyard in Hamburg, Germany, since October, according to Forbes. Employees of Blohm+Voss, the shipbuilding firm overseeing the project, were not at work Wednesday, the report said.German shipbuilder Lurssen, which built the Dilbar, claims it’s the world’s largest motor yacht by gross tonnage, weighing nearly 16,000 tons, according to Forbes.When operating, the ship has a crew of 96 people.
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