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May unemployment rate dips to 5.8 percent in mixed jobs data
The Labor Department reported 41,000 new jobs in May, ending a two month payroll rise streak, while the jobless rate fell from 6.0 to 5.8 percent. Economists warn the uptick may be temporary as hiring remains slow and long term unemployed grow. Wall Street fell with the Dow and Nasdaq sliding on the news.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Congress
Maurice Emsellem
National Employment Law Project