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Bangkok Post
Bangkok Post
Business

Surge in US hiring surprises markets

United States Unemployment Labor Department US Federal Reserve Washington D.C.
A hiring sign is posted inside a discount department store in Las Vegas in May last year. US unemployment is now at a 53-year low of 3.4%. (Photo: AFP)

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.

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