The U.S. economy added 517,000 in January, way above expectations, while the unemployment rate dipped to 3.4%, according the U.S. Bureau of Labor Statistics.
The strongest job gains were in leisure and hospitality, professional and business services, and health care. Employment also increased in government, partially reflecting the return of workers from a strike.
The number of unemployed persons stood at roughly 5.7 million.
Both the labor force participation rate, at 62.4%, and the