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Survey: US companies added 281,000 jobs in June

Published on NewsOK Modified: July 2, 2014 at 8:02 am •  Published: July 2, 2014
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Economists forecast that the government's employment report will show that 215,000 jobs were added in June, according to a survey by FactSet. If that happens, it would be the fifth consecutive month of job additions of more than 200,000. The last time the economy experience that kind of job growth was in the 1990s during the tech boom, Zandi said.

Wage growth still remains a problem, despite the steady gains. Median household incomes remain lower than what they were in 2007, before the start of the Great Recession.

Steady job growth should cause wages to rise, but such growth could be modest. That is because many unemployed Americans left or were forced out of the jobs market during the downturn. As those workers begin to return, it increases the supply of available employees and reduced pressure on employers to increase wages.

"Slowly, but surely wage growth will accelerate going forward," said Zandi, before cautioning that "it probably won't take off."