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June 3, 2011

Weak jobs report isn't all bad news

The dour May jobs report from the Labor Department on Friday confirmed earlier data pointing to a U.S. economic recovery in deceleration, but the same report also contained signs that a slide back into recession is unlikely. After two consecutive months of strong hiring, the pace slowed precipitously in May with employers adding just 54,000 jobs as the jobless rate ticked up one-tenth of a point to 9.1 percent, according to the Bureau of Labor Statistics.

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