Payroll Survey Signals U.S. Jobs Slowing as Orders Drop!

• Economic growth, recovery? I don’t think so. Things are getting worst. Even with their BS propaganda economic statistics, they cannot hide the true conditions much.
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  Payroll Survey Signals U.S. Jobs Slowing as Orders Drop! 
  By Shobhana Chandra and Timothy R. Homan, http://www.bloomberg.com/ 
  Companies in the U.S. added fewer workers last month, according to data from a private survey,pointing to a cooling in the job market, as the Commerce Department also reported a decline in factory orders in March.
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  Private employment increased by 119,000, the smallest gain in seven months, after rising by 201,000 in March, Roseland, New Jersey-based ADP Employer Services said. Orders to factories  fell 1.5 percent following a 1.1 percent gain in February.
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  Stocks retreated as the smaller-than-projected advance in payrolls raised concerns government data in two days will show the world’s largest economy isn’t growing fast enough to reduce unemployment. A report yesterday showing manufacturing expanded in April at the fastest pace in almost a year helped send the Dow Jones Industrial Average to the highest level since 2007.
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  “Some slowing of job growth was expected,” said Gus Faucher, a senior economist at PNC Financial Services Group Inc. in Philadelphia. “As of now, the job market continues to expand, and we’re getting close to a self-sustaining recovery”where job growth supports wage gains, he said.
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  … read more!

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