Economy Adds 175000 Jobs as Unemployment Rises
The May report shows 175 thousand new jobs while the unemployment rate climbs to 7.6 percent from 7.5 percent as more people search for work. About three quarters of job seekers found employment, signaling steady though limited growth and potential Fed stimulus continuation.
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Wal-Mart plans $15B stock buybacks at annual meeting
Wal-Mart announces a new up to 15 billion share repurchase program replacing the existing 15 billion plan. The move comes amid scrutiny over overseas operations including a Bangladesh factory collapse and bribery allegations in Mexico, with 712 million remaining under the prior program.
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