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News Headlines
Doesn't look good, things seem to be stalling still.
The American jobs engine hit stall speed in May, with the economy adding just 69,000 new jobs while the unemployment rate climbed to 8.2 percent.
As another summertime swoon looms, the Bureau of Labor Statistics reported that job creation missed economist estimates for 158,000 new positions, and said labor force participation remains near 30-year lows though incrementally better than last month.
The unemployment rate that counts discouraged workers rose as well, swelling to 14.8 percent.
In May, stocks suffered through their worst month in two years, and the job-creation figures only added to the gloom.
Doesn't look good, things seem to be stalling still.