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Economy sputters into summer again
Do you feel like you’ve lived through this story before? After months of encouraging economic improvement, America’s engine sounds like it is stalling as summer approaches again. Recent US economic reports had hinted at problems. But the new jobs report issued Friday was a serious downer, worse than the most conservative forecasts. Payrolls increased by just 69,000 -- less than half the 150,000 jobs projected by median forecasts, and the weakest monthly gain in a year.