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Economy

Why unemployment fell in May while job growth stalled

By Joseph Lawler
Published
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Why unemployment fell in May while job growth stalled

Unemployment fell from 5 percent to 4.7 percent in May even as job growth nearly stalled out, with just 38,000 new payroll jobs reported by the Bureau of Labor Statistics Friday.

Here’s how that happened:

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Jobs Joseph Lawler Labor Minusextra Unemployment