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Jobs growth weak
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| Contributor | RP |
| Last Edited | RP Jun 03, 2005 07:16pm |
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| Category | Report |
| News Date | Friday, June 3, 2005 06:00:00 PM UTC0:0 |
| Description | U.S. employers added the fewest jobs to payrolls in nearly two years in May, according to a government report Friday that showed the nation's labor market to be far weaker than Wall Street predicted.
The Labor Department report showed employers added 78,000 jobs in May, down sharply from the 274,000 jobs added to payrolls in April. It was the smallest monthly jobs growth since August 2003, when only 2,000 jobs were added, according to revised figures from the Labor Department. |
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