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The Solution to the Unemployment Crisis


May's jobs report offers clues on how to get US companies hiring again.

According to the latest jobs report, the US added 431,000 in May. However, 95% of those jobs came from the hiring of temporary Census workers, not from private employers.

After the report was released, stocks took a nosedive. According to MarketWatch, "all 30 of the Dow's components fell, including declines of more than 5% each in economically sensitive stocks Caterpillar (CAT) and American Express (AXP). General Electric (GE) was close behind, off 5.3%.

To make matters worse, last month Hewlett-Packard (HPQ), the world's largest IT company, announced it was cutting 9,000 jobs. Netflix (NFLX) will also be making job cuts. And for the first time in history, UPS (UPS) furloughed pilots.

So, what will it take to get US companies hiring again?

Join Josh Lipton for a closer look.

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No positions in stocks mentioned.
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