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US employers posted strong jobs gains despite fears of a slowdown

US employers added 390,000 jobs despite fears of slowdown



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JPMorgan Chase CEO warns of an economic 'hurricane' 02:16 (CNN)US employers added 390,000 jobs in May, representing a slower pace of hiring, as the historically hot labor market showed signs of cooling off, according to the Bureau of Labor Statistics' monthly jobs report released Friday.

The unemployment rate stayed at 3.6%, slightly higher than the half-century low recorded in February 2020, before the pandemic hit.


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