Posted inFederal Reserve System Hiring and Promotion Inflation (Economics) Interest Rates Labor and Jobs Labor Department (US) Prices (Fares, Fees and Rates) Unemployment United States Economy Wages and Salaries
U.S. employers added 517,000 jobs in January.
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.