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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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WASHINGTON (AP) — A private survey shows U.S. business hiring surged in June, a sign of stronger economic growth.

Payroll processer ADP said Wednesday that private employers added 281,000 jobs last month, up from 179,000 in the previous month.

The figure suggests the government's jobs report, to be released Thursday, could also show a significant gain from May's tally of 217,000 jobs. But the ADP numbers cover only private businesses and often diverge from the government's more comprehensive report.

Recent economic data suggests that the economy has shifted into a higher gear. Autos sold at an annual rate of 16.9 million in June, the highest rate since January 2006. New orders for manufacturers are at a six-month peak, according to the Institute for Supply Management.

"The job market is strong and it feels like it is getting stronger," said Mark Zandi, chief economist at Moody's Analytics, which calculated the job gains for ADP.

The improvement in the ADP figures occurred mostly in professional and business services, a category that includes many higher-paying jobs such as accountants and engineers, but also lower-paid temporary workers. That category gained 77,000 jobs.

Goods producers hired 51,000 workers in May, up from 31,000 the previous month.

Small businesses with fewer than 50 employees added 117,000 workers in June. That partially reflects growth in the construction industry where smaller firms tend to represent a larger share of that sector, Zandi said.

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