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Job Gains Trailing Forecasts Add to U.S. Slowdown Concern

Bloomberg (05/05/12) Shobhana Chandra

The 115,000 increase in payrolls reported by the U.S. Department of Labor has increased concern that the nearly three-year-old economic expansion is cooling. “Employers are hiring, they’re just hiring at a very modest rate,” says Jonas Prising, president of the Americas at ManpowerGroup. “The current growth rate of employment is probably consistent” with economic growth of 2%, he says.