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in Economy

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

by Editor February 9, 2023, 7:35 pm 999 Views

Nonfarm payrolls increased by 517,000 in January; strongest gain since July 2022

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022.

Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000, according to

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Friday.

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