BREAKING NEWS: Economy added 38,000 jobs in May

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The economy added an unusually small 38,000 jobs in May, the Labor Department reported Friday, down from 123,000 in April.

Unemployment was 4.7 percent, down from April's 5 percent.

Analysts had predicted job growth of about 158,000 jobs, an unemployment rate of 4.9 percent and an increase in hourly earnings of 0.2 percent, according to a Bloomberg survey of economists.


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