Jobs market remains strong despite interest rate rises by Federal Reserve, aimed at cooling economy and bringing down inflation
The US jobs market defied fears of a downturn again in January with employers adding 353,000 new jobs over the month, the labor department announced on Friday.
The US jobs market has remained strong despite an aggressive series of interest rate rises by the Federal Reserve, aimed at cooling the economy and bringing down the rate of inflation. In January the unemployment rate was 3.7%, close to a 50-year low.
Continue reading…Jobs market remains strong despite interest rate rises by Federal Reserve, aimed at cooling economy and bringing down inflationThe US jobs market defied fears of a downturn again in January with employers adding 353,000 new jobs over the month, the labor department announced on Friday.The US jobs market has remained strong despite an aggressive series of interest rate rises by the Federal Reserve, aimed at cooling the economy and bringing down the rate of inflation. In January the unemployment rate was 3.7%, close to a 50-year low. Continue reading…