US employers added robust 517,000 jobs in January, sign of still-strong labor market despite rate hikes
By PAUL WISEMAN, AP Economics Writer WASHINGTON — America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.
January's job growth, which topped December's 269,000 gain, could raise doubts about whether inflation pressures will ease further in the months ahead. The Fed has raised its key rate eight times since March to try to contain inflation, which hit a four-decade high last year but has slowed since then.
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