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Slow May job gains signal weaker economy ahead
U.S. payrolls rose by 69,000 in May, the smallest added in a year, with the unemployment rate ticking up to 8.2 percent. The Labor Department revised March and April job gains downward, underscoring a fragile recovery and potential recession risks if tax cuts lapse and spending cuts take effect.
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Washington
U.S
Barack Obama
Labor Department
Congress
Congressional Budget Office