Saturday, Dec 20, 2014Saturday, Dec 20, 2014

World

 

US private job growth jumps in June

Published on Jul 2, 2014 9:07 PM
 

WASHINGTON (AFP) - The US private sector revved up hiring in June with broad-based gains that suggest the economy is picking up steam, payrolls company ADP said on Wednesday.

The private sector added 281,000 jobs in June, surging higher from a lacklustre 179,000 in May.

It was the strongest monthly gain since November 2012. Analysts expected a much smaller rise of 200,000 jobs.

"The job market is steadily improving," said Mr Mark Zandi, chief economist of Moody's Analytics, which helps compile the ADP report. "Judging from the job market, the economic recovery remains fully intact and is gaining momentum."

 
If you are not a subscriber, you can get instant, unlimited access here

Videos