US jobs report comes in hot
US non-farm payroll employment grew by 517,000 in January, showing the continued strength of the country’s labour market despite tighter monetary policy. The Bureau of Labor Statistics (BLS) published the data on February 3.
Mary Daly, president of the San Francisco Fed, called the jobs report “a wow number”.
“But the trend was not surprising,” she added in comments to Fox Business. “We knew that the labour market was strong.” Daly said she was willing, if necessary, to support further rate
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