USA Added Over 500000 Jobs in Janaury 2023

There were apprehensions of weakening economy, rising interest rates and high inflation in USA.

US added over 500000 jobs in Janaury 2023.

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There were apprehensions of weakening economy, rising interest rates and high inflation in USA.

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According to bloomberg 185000 jobs have been gained.

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Average hourly earnings rose 10 cents to $33.03

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Fed may increase the rates due to the job gains and the hot labor market.

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Moody's predicted that the employers may add 71000 jobs every month this year.

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However, Oxford and Barclays forecasts payroll losses of tens of thousands.

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Leisure and hospitality industry added approximately 128,000 jobs,

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Professional and business services added 82,000 health care added 58,000, retail and construction added 30,000 and 25,000 jobs respectively.

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