
NFP Analysis: Shock growth shows worker supply is rising, inflation to fall, US Dollar to retreat Premium
Shocking – positively shocking. That has been the response to the first Nonfarm Payrolls report for 2023, which showed a whopping gain of 517,000 jobs in January, far above the 223,000 projected by economists. The leap is a result of annual revisions but also of a super-strong economy. The unemployment rate dropped to 3.4%.