Hiring surges, trends show men dropping out of labor force
Clip: 02/03/2023 | 6m 40s | Video has closed captioning.
Job growth surged last month, shaking off fears of a hiring slowdown. Employers added 517,000 jobs in a hiring boom far stronger than anyone had expected. The jobless rate dropped to 3.4%, the lowest level in 53 years. The report underscores the challenges facing Federal Reserve officials who remain focused on slowing inflation. Economics Correspondent Paul Solman reports.
Aired: 02/03/23
