US nonfarm #payrolls grew by 517K in January, way more than expected.
US unemployment rate: 3.4%
Labor Participation rate: 62.4
Average weekly hours worked: 34.7.
All those who focused on tech layoffs were myopic; most of America is hiring, not firing.
The stock market hates this, because the U.S. Fed has less incentive to cut interest rates, and the market is all about "free money". #CoSoFinance