There were apprehensions of weakening economy,
rising interest rates and high inflation in USA.
US added over 500000 jobs in Janaury 2023.
There were apprehensions of weakening economy, rising interest rates and high inflation in USA.
According to bloomberg 185000 jobs have been gained.
Average hourly earnings rose 10 cents to $33.03
Fed may increase the rates due to the job gains and the hot labor market.
Moody's predicted that the employers may add 71000 jobs every month this year.
image credits: clem
However, Oxford and Barclays forecasts payroll losses of tens of thousands.
Leisure and hospitality industry added approximately 128,000 jobs,
Professional and business services added 82,000 health care added 58,000, retail and construction added 30,000 and 25,000 jobs respectively.