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US Economy: Manufacturing Activity Shrinks, Job Openings Decline
US factory activity contracted for the first time this year in March as the Institute for Supply Management's manufacturing index declined 1.3 points last month to 49. Meanwhile, the number of job openings in the US decreased in February to 7.57 million from a revised 7.76 million reading the month before, while layoffs remained subdued. Michael McKee reports on Bloomberg Television.
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