Employers, in a Stunning Burst of Hiring, Add 353,000 Jobs in January
The employment numbers suggest the economy is shrugging off the highest interest rates in two decades.
By PAUL WISEMAN
||Economy
The employment numbers suggest the economy is shrugging off the highest interest rates in two decades.
By PAUL WISEMAN
||Economy
There is growing optimism that the Federal Reserve is on track to deliver a rare ‘soft landing’ — raising borrowing rates enough to cool growth, hiring, and inflation yet not so much as to send the economy into a tailspin.
By PAUL WISEMAN
||Economy
December’s job gain exceeds the 173,000 that were added in November.
By PAUL WISEMAN
||Economy
All the numbers show somewhat more progress against inflation than economists had expected.
By PAUL WISEMAN
||Economy
Wednesday’s numbers, driven by an uptick in the price of goods, are higher than economists had expected as observers await Thursday’s release of consumer price data.
By PAUL WISEMAN
||Economy
‘Make no mistake,’ one analyst says, ‘Demand is cooling off. … But it’s not a freefall.’
By PAUL WISEMAN
||Economy
Consumer prices rose 3.2 percent from a year earlier, up from a 3 percent annual rise in June, the lowest rate in more than two years.
By PAUL WISEMAN
||Economy
Friday’s report from the Labor Department raises the possibility that inflationary pressures might be easing and that the Fed might soon decide to pause its rate hikes.
By PAUL WISEMAN
||Economy
An alarming sign that price pressures are entrenched in the American economy and could lead the Fed to keep raising interest rates well into this year.
By PAUL WISEMAN
||Economy
The increase from December was nearly twice the rise that economists had been expecting.
By PAUL WISEMAN
||Economy
The resilience of the American job market has been a major surprise. Last year, employers added 4.5 million jobs, second only to the 6.7 million that were added in 2021 in government records going back to 1940.
By PAUL WISEMAN
||Economy
Excluding volatile food and energy prices, so-called core inflation was up 4.7 percent over the previous year. That was the smallest increase since October 2021.
By PAUL WISEMAN
||Economy