The growth in employment in the United States may prevent the US economy from entering a recession this year

The acceleration of job growth in the United States in January may be due to the resilience of the economy and strong worker productivity, which encourages businesses to hire and retain more employees. This trend may help prevent the US economy from entering a recession this year. Monthly job growth in the United States still exceeds 100,000 people, which can meet the growth of working-age population. However, due to significant interest rate hikes by the Federal Reserve, momentum in the labor market has slowed down since 2022. Nevertheless, job growth is sufficient to sustain the economy through robust consumer spending.