A welder works in a factory where Quebec Premier Jean Charest announced financial support under the Plan Nord to allow a company to train northern Quebec workers , Tuesday, February 28, 2012 in Quebec City. THE CANADIAN PRESS/Jacques Boissinot The Canadian Press
A private survey shows U.S. business hiring surged in June, a sign of stronger economic growth.
Payroll processer ADP says 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.
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.
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July 30 (Bloomberg) -- The Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly ... More July 30 (Bloomberg) -- The Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases that have pumped up its balance sheet to a record $4.41 trillion. Peter Cook reports on “Bottom Line.” (Source: Bloomberg)
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