Associated Press (06/01/12)
May’s hiring slowdown was broad-based, with half of the 10 major industry groups that the government tracks cutting jobs, while job growth slowed in two others. The hardest hit industry in May was the construction industry: it lost 28,000 jobs—the deepest cuts in two years. Economists say that may partly reflect payback from the mild winter. The leisure and hospitality industry also shed jobs, mostly because of cuts at casinos, museums, and amusement parks. Governments continued to cut workers, losing 13,000 jobs in May, more than the 10,000 shed in April.
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