An unexpected job surge confounds the Fed’s economic models


              FILE - A worker carries a crate of harvested cauliflower from a field in the Yuma Valley Monday, Jan. 9, 2023, in Yuma, Ariz. America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates. (Randy Hoeft/The Yuma Sun via AP, File)
            
              A construction worker pauses at a building site, Thursday, Jan. 26, 2023, in Boston. America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.(AP Photo/Michael Dwyer)
An unexpected job surge confounds the Fed’s economic models