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Economy adds 431K jobs but few in private sector

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WASHINGTON (AP) -- Job creation by private companies grew at the slowest pace since the start of the year, as a wave of census hiring lifted payrolls by 431,000 in May. The unemployment rate dipped to 9.7 percent as people gave up searching for work.

The Labor Department's new employment snapshot released today suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces.

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