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US jobs machine stalls in March

Labor Department data shows the US economy generated a disappointing 126,000 net new jobs in March, half of what was expected and the worst month since December 2013After a year of pumping up their payrolls, US employers sharply cut back hiring in March, in a fresh sign of a slowdown in the world’s leading economy. Labor Department data Friday showed the economy generated a disappointing 126,000 net new jobs in March, half of what was expected and the worst month since December 2013.

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