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6/04/2005

Statement of AFL-CIO President on May Employment Report

Source: AFL-CIO

By John Sweeney, AFL-CIO President

The economy added a disappointing 78,000 new jobs in May, less than half of the consensus forecast and a dramatic slowdown from April, when 274,000 new jobs were created. There was no change in the unemployment rate. Even though we are in the fourth year of recovery from the last recession, employment growth is still too weak and halting. There are over seven million workers in the Unites States unemployed and searching for a job, and the sluggish employment situation does not provide enough pressure in labor markets to allow employed Americans to increase their earnings. (MORE >>>)

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