The US economy generated a paltry 38,000 net new jobs in May, a quarter of that expected, in a surprise report that could sway the Federal Reserve to refrain from raising interest rates.
But the Labor Department reported Friday that the overall US unemployment rate fell to 4.7 percent from 5.0 percent in April, based on data from a volatile household survey that showed a large fall in the size of the civilian labor force.
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