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Unemployment Holds at Five Percent Amid Slowing Economy
UPI reports May unemployment at 5 percent while labor data show declines in factory hours and work week, hinting at a cooling boom. economists warn of a possible recession. Stein and McChesney Martin predict later downturns, while Meany criticizes policy and calls for fairer economic action.
MENTIONED IN THIS ARTICLE
Washington
UPI
U.S
Labor Department
Commerce Department
Herbert Stein
President’s Council of Economic Advisers
Federal Reserve
William McChesney Martin
Senate
Stein