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Friday, June 3, 2016

#USA - economy suffers weakest growth since 2010 adding 38,000 jobs: wochit Business

Published on 3 Jun 2016
The US economy added just 38,000 jobs in May for the weakest growth since 2010. It gained 122,000 fewer jobs than expected ahead of a crucial meeting of the Federal Reserve. The department of labor announced Friday that the unemployment rate slipped down to 4.7%. A strike by 40,000 Verizon workers impacted the numbers. However, including them in the count would still account for less than half of expected job growth. The massively disappointing report is the last before the Fed’s next two-day meeting on June 14 when the US central bank may raise interest rates again. It is sure to add to speculation that a rate hike could be delayed until July

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