US employers add modest 138K jobs; rate dips to 4.3 percent

Washington • U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low. The Labor Department said Friday that the jobless rate fell to 4.3 percent the lowest level since 2001, from 4.4 percent. Still, the rate declined mainly for a less-than-encouraging reason: People stopped looking for work in May and so were no longer counted as unemployed. The government’s report suggested that eight years i...

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