January 2023 Jobs Report: President Joe Biden and the White House can celebrate the report as evidence the economy is continuing to hum along.
The U.S. economy generated 517,000 jobs in January, a surprisingly strong number that underscores the remarkable resilience of the labor market but could stiffen the Federal Reserve’s determination to squeeze the economy to fight 40-year-high inflation.
The unemployment rate fell to 3.4 percent, the lowest in more than a half-century, the Labor Department reported Friday.
https://www.politico.com/news/2023/02/03/employment-report-biden-powell-00081067
The U.S. economy generated 517,000 jobs in January, a surprisingly strong number that underscores the remarkable resilience of the labor market but could stiffen the Federal Reserve’s determination to squeeze the economy to fight 40-year-high inflation.
The unemployment rate fell to 3.4 percent, the lowest in more than a half-century, the Labor Department reported Friday.
https://www.politico.com/news/2023/02/03/employment-report-biden-powell-00081067