160,138,000: Record Number of Employed in January
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The first employment report of 2023 shows robust strength in the labor market, as the Federal Reserve continues to raise interest rates.
The Labor Department's Bureau of Labor Statistics says a whopping 517,000 non-farm jobs were created in January, way above estimates of 183,000.
"Job growth was widespread, led by gains in leisure and hospitality (+128,000), professional and business services (+82,000), and health care (+58,000). Employment also increased in government (+74,000), partially reflecting the return of workers from a strike," BLS said.
In another headline number, the unemployment rate dropped...