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Few Jobs Added as Job Growth Sputters
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by News Editor
The Street – The U.S. economy added far fewer jobs in May, suggesting that the recovery in the employment market might be stalling.
The private sector, which has been the main contributor of jobs amid layoffs at the state and local government levels, added 83,000 jobs, a marked slowdown from the 244,000 jobs averaged in the last three months. Economists predicted companies would add 180,000 jobs in May, their expectations diminished by the ADP report Wednesday which said companies added only 38,000 jobs.
