January High Job Numbers May Force Fed’s Hand: Expert

Don Ma
By Don Ma
February 3, 2023NTD Business

Despite recession fears, there are more signs that the labor market is still strong. The Bureau of Labor Statistics on Feb. 3 reported that the U.S. economy added 517,000 jobs in January. The surge is a big surprise, more than two times higher than expected. The unemployment rate fell to 3.4 percent, a level the country hasn’t seen since 1969.

NTD spoke to Julia Pollak, chief economist at ZipRecruiter, to discuss the new jobs report.

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