Jobs report: U.S. economy adds 517,000 jobs in January, unemployment rate falls to 3.4% as labor market stuns
The Labor Department published its monthly jobs report for January at 8:30 a.m. ET on Friday. Here are the highlights, compared to Wall Street estimates.
Labor Market Added 517,000 Jobs In January—Unemployment Rate Falls To 54-Year Low Of 3.4%
Despite waves of layoffs hitting some of the nation’s largest employers, the labor market overall is still faring much better than expected.