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U.S. Economy Added 517,000 Jobs In January; Unemployment Rate At 3.4%
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deadline.com
deadline.comThe U.S. economy added 517,000 jobs in January, unexpectedly high employment growth after predictions that job growth would slow as the Federal Reserve continues to raise interest rates.
The unemployment rate was 3.4%, falling slightly from December. The Bureau of Labor Statistics said that job growth was spread across industries, including leisure and hospitality, professional and business services and health care.
The robust report belies some of the headlines of mass layoffs, particularly in the tech industry, as well as cutbacks in media.
According to the seasonally adjusted figures, jobs in movies and sound recordings were unchanged from a month earlier, at 465,900.
Read more on deadline.com
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