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June 5, 2015

The Labor Department reported that the economy added 280,000 jobs in May. With modest upward revisions to the prior two months’ data, this brings the average over the last three months to 207,000. Almost all the job growth was on the service side as a drop of 18,000 jobs in mining largely offset a rise of 17,000 in construction and an increase of 7,000 jobs in manufacturing.

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