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U.S. Economy Stalled Last Month

  • The U.S. Economy showed weak growth in May 2025, adding only 37,000 private sector jobs, significantly below expectations.
  • This weak job growth followed a contraction in the May ISM Services Index to 49.9, signaling a potential recession in services.
  • Inflation pressures intensified as the Prices Paid Index rose to 68.7, marking a 3.6-point increase from April’s 65.1 amidst fiscal debates.
  • Elon Musk warned that debt interest payments now consume 25% of government revenue and could threaten social programs if deficits continue.
  • These indicators suggest heightened economic uncertainty and potential challenges ahead, with investors and policymakers preparing for volatility and possible rate cuts.
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Political Wire broke the news in New York, United States on Wednesday, June 4, 2025.
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