The Daily Money: The U.S. added 517,000 jobs in January

Despite inflation and worries about a coming recession, employers added 517,000 jobs in January and unemployment sank to its lowest level since 1969. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, February 3 Well, we made it! It's Friday and it's Charisse Jones with the Daily Money headlines to take you into the weekend. Despite inflation and worries about a coming recession, employers added 517,000 jobs in January, and the unemployment rate dropped from 3.5% to 3.4%, the lowest level in 54 years.  The number of added jobs was well above the 185,000 expected by economists surveyed by Bloomberg. But the upbeat report means the Federal Reserve will probably not put the brakes on interest rate hikes any time soon. The Fed increased rates by a quarter of a percentage point this week in its latest move to try to slow job and wage growth to bring down inflation.  More blood pressure pills are recalled Several lots of Quinapril, a blood pressure medication, were recalled last week because the tablets could raise the risk of getting cancer, according to the Food and Drug Administration. The four lots recalled by drug maker Lupin Pharmaceuticals Inc. could contain a heightened level of nitrosamine impurity, N-Nitroso-Quinapril, that exceeds the level considered acceptable to consume in a given day. Another drug manufacturer recalled the same medication in October because of similar concerns about the cancer risk. To see other drug recalls, check USA TODAY's searchable drug recalls database.  📰 More stories you shouldn't miss 📰 The U.S. added 517,000 jobs in January, vastly beating expectations. Nam Y. Huh, AP When do we have to stop sharing Netflix passwords? Everything you need to know about the crackdown on Netflix password sharing and what it could cost you.  CVS and Walmart taken to court. The drugstore chains are being sued for selling homeopathic products next to FDA approved medicines.  New Samsung phones are on the way. Samsung's new Galaxy S23 line of smartphones will be available on Feb. 17.  What's the "Matter"? A new tech standard dubbed Matter aims to make it easier for Apple, Samsung and other devices to communicate with each other.   About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you. Follow Charisse Jones on Twitter: @charissejones. Jobs report: U.S. employers added booming 517,000 jobs in January Employers added 517,000 jobs in January, according to nonfarm payrolls figures. Unemployment fell to 3.4%, a 54-year low, jobs report shows. More blood pressure medication recalled over cancer risk, FDA says What we know so far about Netflix's password-sharing plans CVS, Walmart face lawsuit for placement of homeopathic products Samsung's new Galaxy S23 smartphones available Feb. 17 Group calls for action after recalled products end up back on shelves Australia is removing British monarchy from its bank notes When does the Fed meet in 2023? Here's Federal Reserve schedule. Which industries would keep hiring in a recession while others shed... Child Tax Credit: Here's what you need to know for this tax season   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102