Payrolls Increased By 517,000 in January, Crushing Estimates, Unemployment Rate Hits 53-year low

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Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

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Here’s where the jobs are for January 2023 — in one chart​

Here’s where the jobs are for January 2023 — in one chart

Leisure and hospitality saw an increase of 128,000 jobs in the month, led by 99,000 jobs in restaurants and bars alone.

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