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Job Surged as of 2023 January

Job Surged as of 2023 January

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The U.S. economy has been challenged a lot last year due to inflation. Interest rates were raised several times within that year. Organizations are expected to be cautious in their spending but surprisingly there has been an increase in job hiring as of January this year. There are about 510,000 openings posted which is a 260,000 jump from last December. This brought the unemployment rate down to 3.4 percent, the lowest rate since 1969.

Although on one hand, the wage growth is still a little low at .3 percent compared to December. The high job openings are still advantageous especially that there has been a lot of laying offs particularly in technology, the demand on getting a job is much important for laborers at this time. 

Check nytimes to read more about this