New jobs top half a million, which could embolden Fed to keep raising interest rates
WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.
The world’s biggest economy added 517,000 jobs in January after a five-month slowdown in hiring, as the jobless rate edged down to 3.4%, the Labor Department said in a report.
The dollar jumped in response to the news, which could potentially embolden the Federal…
