The private sector added 201,000 jobs in May, a robust improvement over the previous month and a sign the economic recovery is back on track.
U.S. service firms grew in May at the slowest pace in a year, as both new orders and hiring slipped. The Institute for Supply Management said Wednesday that its services index fell to 55.7 in May from 57.8 in April.
NEW YORK/WASHINGTON The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month.
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Senior executives of Dollar General (NYSE: DG) must be rubbing their hands in glee. The company stock saw a sharp rise in its stock price on the back of the company's strong earnings in the first quarter.