US added a strong 517,000 jobs in January despite Fed hikes1 min read . Updated: 03 Feb 2023, 07:17 PM IST
- January’s job growth, which topped December’s 269,000 gain, could raise doubts about whether inflation pressures will ease further in the months ahead
America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, a new half-century low.
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