The Daily Item, Sunbury, PA

News

June 7, 2013

National unemployment rate back up to 7.6 percent

(Continued)



Cuts in defense spending have slowed factory output in some areas, according to a Fed report released this week. Factory activity shrank in May for the first time since November, and manufacturers barely added jobs, according to a survey by the Institute for Supply Management.

A separate ISM survey found that service companies grew at a faster pace last month but added few jobs. Service firms have been the main source of job growth in recent months.

 

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