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U.S. reports blowout job growth; unemployment rate lowest since 1969

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U.S. reports blowout job growth; unemployment rate lowest since 1969

U.S. job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4%, pointing to a stubbornly tight labor market, and a potential headache for Federal Reserve officials as they fight inflation.

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