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  • US adds stunning 517K jobs to start 2023

    02/03/2023 7:29:09 AM PST · by ChicagoConservative27 · 56 replies
    The Hill ^ | 02-03-2023 | TOBIAS BURNS
    The U.S. labor market clocked a shockingly strong month in January, adding 517,000 jobs and dipping down to 3.4 percent unemployment, according to data released Friday by the Labor Department. The numbers blew past expectations. Analysts were projecting an increase of around 185,000 jobs and for the unemployment rate to edge up to 3.6 percent. In December, the unemployment rate dipped back down to 3.5 percent and added 260,000 new jobs, according to revised figures released Friday. “This is an unbelievably strong unemployment report, not to suggest there’s a problem with credibility. The unemployment rate takes out the recent historic...