517,000 Jobs Created in January 2023

Lowest Jobless Level in 53-Years

It’s an unbelievable piece of news. Critics of President Biden’s policies don’t believe it. So here is official jobs report from the Bureau of Labor Statistics,  and the Department of Labor. 

This is a quote from the report.

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

  • The January jobs report showed nonfarm payrolls increased by 517,000, far higher than the 187,000 market estimate.
  • The unemployment rate fell to 3.4% versus the estimate for 3.6%. That is the lowest jobless level since May 1969.
  • Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000).

 

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