The US economy added a whopping 517,000 jobs in January | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The US economy added an astonishing 517,000 jobs in January

, showing that the labor market isn’t ready to cool down just yet. The unemployment rate fell to 3.4% from 3.5%, hitting a level not seen since May 1969 — two months before Neil Armstrong stepped on the moon — according to new data released Friday by the Bureau of Labor Statistics. Economists were expecting 185,000 jobs would be added last month, based on consensus estimates on Refinitiv. “With 517,000 new jobs added in January 2023 and the unemployment rate at 3.

3, and employment in temporary help services rebounded after two months of declines, indicating further demand for labor, noted Julia Pollak, chief economist at ZipRecruiter. The report also showed an increase in the closely watched labor force participation rate to 62.4% from 62.3%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yeah. Now people need two jobs to afford living.

正規非正規を分けて統計取らないと、誤解を招くね🤣 情報開示の上でかなり問題ある🤣

510,000人の生活水準が下がったということ?😂😂😂

Lots of people hate this report

Yea, yea, and the POPE is a Protestant 🤣

Cnns bullshit !

Isn't that what happened just before the last deep recession!

Arent we still.down 5 million jobs from 2020?

What's astonishing is your refusal to report the number of people no longer willing to work, content to live off the government.

No it didn't

Does that count people getting 2nd and 3rd jobs to pay for the crippling cost of inflation?

Those are second jobs people were forced to get due to inflation being out of control.

That’s what a steady, reliable and honest leader delivers. I so wish we had one in the UK!

thats manipulating the data. Most of the jobs added are part time /secondary jobs and clearly shows how bad theyre failing. Ofcourse theyl celebrate this.

Oh, that was just me. I needed a side hustle for egg and gas money.

ya but that's bad tho right

And there is STILL over 3 million less people working now than before COVID and there is no shut down going on. So what's the excuse?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines