The report issued by the US Bureau of Labor Statistics moments ago showed that 517,000 jobs were added in January, compared to the addition of 223,000 jobs in the December reading, which came better than the market’s expectations, which indicated the creation of jobs estimated at 193,000 jobs.

On the other hand, the unemployment rate declined to 3.4% from 3.5%, better than expected, coinciding with the increase in labor force participation rates to 62.4%

. The hourly wage rate stabilized in January to 0.3%, at a monthly pace, while it fell to 4.4% on an annual basis, compared to 4.6% in December.

In the details of the sectors, the commodity production sector added about 46,000 jobs, while the construction sector added 25,000 jobs, and the manufacturing sector added about 19,000 jobs, and the services sector added about 397,000 jobs.

The US dollar records gains by more than 0.70% after announcing the numbers, and is trading at 102.25 levels.