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Unemployment up but pace slows

The unemployment rate rose last month to 9.4 percent, up from 8.9 percent in April, the U.S. Department of Labor reported today.

Steep job losses continued in manufacturing, while declines moderated in construction and several service-providing industries.

The number of unemployed persons increased by 787,000 to 14.5 million in May, according to the latest statistics.

Click here for the full report.

Click here for a Wall Street Journal report.

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