Slower hiring, lower unemployment offer mixed U.S. labor signs

NEW YORK - The United States labor market gave mixed signals in May, with a decline in the unemployment rate to a 16-year low contrasting with below-forecast hiring and wage growth, the U.S. Bureau of Labor Statistics figures showed Friday. Highlights of Employment (May) Payrolls rose 138,000, short of an estimated 182,000 increase. Unemployment rate, derived from a…

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