The unemployment rate for the month of January 2023 is down again in the United States. It fell 0.1 point to 3.4% last month. These figures thwart the forecasts, displaying iron health despite the announcements of layoffs.
The unemployment rate continued to fall in the United States, reaching 3.4% in January, compared with 3.5% in December and 3.6% in November. For several months over the past year, the unemployment rate had already returned to pre-pandemic levels, but January’s result is the lowest rate since 1969, 50 years ago.
Fine fix
The indicators are also looking good for job creation. According to the Labor Department, 517,000 jobs were created in January 2023, double the creations in December. Hospitality, leisure, business services and healthcare were the sectors that pulled the job market the most.
A risk of recession, however?
If these good results confirm the US government on the relevance of its economic program, they worry on the other hand certain economists. Beyond the announcements of massive layoffs in the tech sector, some of them fear a risk of recession, because the American Central Bank continues to raise its rates in order to slow down the economy and therefore to break inflation. .
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