New Job and Layoff Reports Tell of a Weakening Economy

Two reports released on Wednesday reveal a weakening U.S. economy. The Labor Department announced that jobless claims, i.e., layoffs, rose to 238,000 last week, near a one-year high. And the private payroll processor ADP reported that the economy generated just 150,000 new jobs last month, falling below a muted estimate by Wall Street Journal economists ...

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