MinneapolisCNN — The US economy added an astonishing 517,000 jobs in January, showing that the labor market isn’t ready to cool down just yet.

The unemployment rate fell to 3.4% from 3.5%, hitting a level not seen since May 1969 — two months before Neil Armstrong stepped on the moon — according to new data released Friday by the Bureau of Labor Statistics.

Economists were expecting 185,000 jobs would be added last month, based on consensus estimates on Refinitiv.

Source: January jobs report: The US economy added a whopping 517,000 jobs last month | CNN Business