Unemployment Hits New Half-Century Low as Job and Hour Growth Soar in January
Briefly

A Help Wanted sign is posted at a restaurant amid a still-robust labor market on February 2, 2023, in Los Angeles, California.Mario Tama / Getty Images The January jobs report was far stronger than had been predicted, with the economy adding 517,000 jobs.There was also a big increase in the length of the average workweek from 34.4 hours to 34.7 hours, which led to an extraordinary 1.2 percent rise in the index of aggregate hours.
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