The Bureau of Labor Statistics reports that the U.S. added 517,000 jobs in January. That represents a huge jump from the revised 260,000 in December. The job additions also massively beat economist forecasts for 185,000.
Also, the unemployment rate fell to 3.4% versus 3.5% in December and against forecasts for 3.6%.
Average hourly earnings stayed the same in January at 0.3% versus December with expectations of 0.3%.
Bitcoin (BTC) fell to $23k minutes after the news.