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A surprising burst of US hiring in January: 517,000 jobs

For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades

For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government reported Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. The job gain was so large it left economists scratching their heads and wondering why the Fed’s aggressive interest rate hikes haven’t slowed hiring at a time when many foresee a recession nearing. Read moreA surprising burst of US hiring in January: 517,000 jobs

Hank Lebioda knows as well as anyone about change, and not just the Pebble Beach weather. He's the leader after the opening round at the AT&T Pebble Beach Pro-Am. Lebioda had an 8-under 63 at Monterey Peninsula. Because he played multiple-course rotations the last two weeks, this was his sixth different course in six rounds. But the real change was the weather. The cold and wind arrived without warning. The wind was bending flagsticks. Will Gordon was tied for the lead at Pebble Beach until he finished bogey-bogey-triple bogey in the wind. Lebioda leads by one over three players. Read moreLebioda leads on a day of ever-changing conditions at Pebble

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