U.S. Adds 517,000 New Jobs in January, Unemployment Rate Lowest Since 1969
CPA Practice
FEBRUARY 4, 2023
By Augusta Saraiva, Bloomberg News (TNS). The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates. Nonfarm payrolls increased 517,000 last month after an upwardly revised 260,000 gain in December, a Labor Department report showed Friday.
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