Cooling employment casts shadow on recovery
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pushes back expectations to when the Fed can start to renormalize policy, probably well into 2012 before we see an increase in the fed funds rate, said Robert Dye, senior economist at PNC Financial Services in Pittsburgh.
buy canada goose jacket cheap Views the economy was canada goose store not falling off the cliff were supported by a separate report showing growth in the country services sector picked up in May. buy canada goose jacket cheap
canada goose black friday sale The Institute for Supply Management services sector index rose to 54.6 last month from 52.8 in April, with gains in employment and new orders. canada goose black friday sale
The private sector, which has shouldered the burden of job creation, added just 83,000 jobs in May, the fewest since last June, canada goose coats while government payrolls fell for a seventh straight month.
About 39,000 fewer jobs were created in March and April than previously estimated. Payrolls in May had been expected to rise canada goose black friday sale 150,000, with private employment gaining 175,000.
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