Joe runs an economy with lots of jobs.... everyone in Wall Street panics because the Fed is run by nuts and will keep raising rates until people have no jobs and are destitute.
The American labor market unleashed a burst of hiring in January, producing another wave of robust job growth even as interest rates continue to rise.
Employers added 517,000 jobs on a seasonally adjusted basis, the Labor Department said on Friday, an increase from 260,000 in December.
The unemployment rate was 3.4 percent, the lowest since 1969.
Even as hiring surged, wage growth slowed slightly to 0.3 percent compared with December.
January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)
After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.
www.nytimes.com
Employers added 517,000 jobs on a seasonally adjusted basis, the Labor Department said on Friday, an increase from 260,000 in December.
The unemployment rate was 3.4 percent, the lowest since 1969.
Even as hiring surged, wage growth slowed slightly to 0.3 percent compared with December.