Non-farm payrolls in the United States increased by 517,000 in January, surpassing December’s gain of 260,000 and crushing the Dow Jones estimate of 187,000.
However, aggressive interest rate hikes during the previous year have left markets so shaken and warped that an otherwise welcome employment data released by the Labor Department brought the recent rally to an abrupt end while triggering a potential relapse into a fresh bout of volatility.
