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Worker productivity was not as weak as initially thought in the first quarter, but the persistently soft trend is an obstacle to faster economic growth.
New orders for U.S.-made goods fell in April for the first time in five months and orders for capital equipment were not as weak as previously reported, suggesting the manufacturing sector remained on a moderate growth path.
May's weak hiring and sluggish wage growth should not deter the Fed from raising rates in June, but it puts any further hikes in doubt.
Trump's Paris agreement exit has been motivating more local and state governments to commit to fighting climate change, N.Y. Times reports.
The director of President Trump's National Economic Council says the administration is prepared to accept riders to ensure passage.
President Trump would have been free to remain in the Paris Accord without spending another dollar as president, NBC reports.
The much-weaker-than-expected growth in jobs shows the economy is expanding only modestly, Austan Goolsbee tells CNBC.
Soft jobs report could point to economic slowdown, says Ron Insana.
The U.S. economy created just 138,000 jobs in May while the unemployment rate declined to 4.3 percent, according to Labor Department data released Friday.
Challenger's corrected total of job-reduction plans announced in May stands at 33,092, 9 percent lower than April's figure.
Economists expected the ADP report to show that private payrolls grew by 185,000 in May from the initially reported 177,000 in April.
The rise probably does not signal a material shift in labor market conditions as claims for several states, including California, were estimated.
Job reductions in May jumped by 41 percent from April, the Challenger report says.
"This action will help maintain more stable production and provide the smallest impact to plant employment going forward," GM says.
The Fed sends a strong signal that it will raise interest rates this month.
Hiring in May was 6.2 percent higher than in April, a LinkedIn report says.
San Francisco Federal Reserve President John Williams said he sees a total of three interest rate increases for this year as his baseline scenario.
The U.S. economy is growing at a steady, if sluggish, pace according to the Federal Reserve's latest survey.
We're panicking about robots taking our jobs, but Marc Andreessen says it's the same fear we always have. And we're still wrong.
Weak recent inflation readings are a worry and suggest the Federal Reserve will make only "uneven" and slow progress toward its 2-percent goal, said Dallas Fed President Robert Kaplan.
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