Payrolls Grow by Just 78,000 in May

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Employers added only 78,000 workers to their payrolls last month, the weakest job growth in 21 months, the government said on Friday in a report that fanned worries on Wall Street over a slowing economy.


The news, however, was not entirely bearish as the unemployment rate in May edged down to 5.1 percent, its lowest since September 2001, from April’s 5.2.


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