The United States will add 517,000 new jobs in January 2023 and the unemployment rate will be 3.4%

　　China News Agency, Washington, February 3rd. The U.S. Department of Labor released data on the 3rd that the U.S. will add 517,000 new jobs in the non-agricultural sector in January 2023, with an unemployment rate of 3.4%.

This created the lowest unemployment rate in the United States since 1969.

　　The U.S. job market picture for the first month of 2023 topped consensus expectations.

The number of new jobs added in the month was not only higher than the average monthly new value added of 401,000 in 2022 (after revision), but also much higher than the market's estimated job growth of 187,000.

　　The Associated Press pointed out that the employment data in January further showed the resilience of the US labor market, and also reflected the mixed situation of the US economy.

On the one hand, under the influence of the Federal Reserve’s tightening monetary policy, U.S. inflation is slowing down, and consumer spending, which is the main driver of economic growth, has begun to decline; but on the other hand, stable labor market demand is still accelerating wage growth and further solidifying prices. upward trend.

　　The data showed that job growth in the United States in January came mainly from leisure and hospitality (128,000), professional and business services (82,000) and health care (58,000).

In addition, government employment in the U.S. increased by 74,000 during the month, thanks to the end of a strike by employees of the California State University system.

　　For this "extraordinarily strong employment report", Bloomberg News believes that this will make people doubt two types of views. One is that the US economy will quickly fall into recession, and the other is that the Fed will end its tightening cycle this spring.

　　In terms of the average hourly wages of employees, the data in the United States in January this year was 33.03 US dollars, an increase of 10 cents from the previous month, and a year-on-year increase of 4.4%.

　　To achieve its goal of curbing inflation, the Fed has said slowing wage growth is key.

The "Wall Street Journal" commented that the challenge facing the Federal Reserve will be how to find a balance point that can continue to slow down inflationary pressures without causing too much damage to the overall US economy.

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