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Labor blames Verizon strike for weak job growth numbers in May

Video Courtesy Reuters

The U.S. Bureau of Labor Statistics on Friday reported that the country’s labor market added a mere 38,000 jobs in nonfarm payroll employment in May, down from 123,000 (adjusted) in April. Labor (BLS) attributed some of the weakness in numbers to striking Verizon communications workers who took to the picket lines in April, after 10 months of contract negotiations failed to bring an accord between the communications giant and its union technicians.


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