Thursday, June 21, 2012

New Economic Figures Tell Grim Tale

U.S manufacturing grew in June at its slowest pace in 11 months and hiring in the sector slowed as overseas demand for U.S. products waned . . . an industry survey showed on Thursday.

The number of Americans filing new claims for unemployment benefits was also little changed last week, according to the U.S. Labor Department. . . .

Job growth in the United States slowed sharply for a third consecutive month in May and the unemployment rate rose for the first time in nearly a year.

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