The U.S. economy added 175,000 net new jobs in May, according to the Labor Department. Job growth in the manufacturing sector was a disappointment; however, MAPI's Daniel J. Meckstroth says this slowdown is temporary. The economy is picking up and global trade will give the sector a boost as well, he says. "Because Europe is in recession, China is redirecting [its goods] to the U.S.," he says.
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