Business
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1h ago
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Jobs Surge, Cyclone Hits, Housing Debate Rages

Employers across the U.S. added 130,000 jobs in January, exceeding economists' expectations, while Madagascar grapples with the aftermath of Tropical Cyclone Gezani, which has claimed at least 20 lives. The January employment gain, the highest since July 2025, according to eToro U.S. investment analyst Bret Kenwell, signaled a resilient labor market. Meanwhile, former President Donald Trump has been addressing economic concerns, including housing affordability, as he campaigns.

The health care sector led job growth in January, adding 82,000 positions, representing 60% of new jobs, followed by social assistance with 42,000 gains, according to CBS News. The construction industry also saw robust growth, adding 33,000 jobs, likely due to demand from data centers. However, the federal government and financial activities shed jobs.

In Madagascar, Tropical Cyclone Gezani made landfall in the main port city, causing widespread destruction. Wind speeds exceeded 195 kph (121 mph), and authorities issued red alerts for several regions, warning of potential floods and landslides. The island nation, home to 31 million people, is particularly vulnerable to cyclones, with many residents living in poverty and lacking adequate shelter, as reported by ABC News.

Former President Trump has been focusing on economic issues during his campaign stops. He has criticized corporate investors for buying single-family homes and renting them out, stating, "America will not become a nation of renters," according to the NY Times. However, a recently announced executive order includes an exemption allowing these same investors to build homes for renting.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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