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After the loss of 14 percent of the nation’s jobs early within the Covid-19 pandemic, the labor market’s endurance regardless of aggressive rate of interest increases has caught economists off guard. Employers added 353,000 jobs in January on a seasonally adjusted foundation, the Labor Department reported on Friday, and the unemployment rate remained at 3.7 percent. The labor market added 353,000 jobs in January, far more than expected, in a sign that economic development remains vigorous. HSC Result 2023 Marksheet revealed all training Board at eboardresults.com and HSC Result 2023 of All…
But it does tend to drive productiveness — which is generally measured as whole output within the economic system per hour labored by the labor pressure. But few if any economists expected job gains to remain this sturdy at a time when higher rates of interest had been anticipated to meaningfully crush the economic system. In truth, many forecasters had been predicting an outright recession early last yr.