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From cnbc.com
Job creation nearly ended in May, another sign of slowing US economic momentum. Businesses created just 27,000 new positions in the month, according to a report released Wednesday by payroll firm ADP and Moodys Analytics, well below Dow Jones' 173,000 estimates. Reading was the worst since the beginning of the economic expansion and the fall of the labor market in March 2010 with a loss of 113,000. Since then, the number of private employees has increased by 21.3 million. "Job growth is moderating," Mark Zandi, chief economist at Moody's Analytics, said in a statement. "The work force … (full story)
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