Job Growth Strong in June

According to payroll processing firm ADP, private sector firms added 281,000 jobs in June, the strongest month for hiring since November, 2012. Small companies with under 50 employees added 117,000 jobs, mid-sized businesses added 115,000 employees and large firms with over 500 workers added 49,000 jobs, as reported to MHProNews by CNNMoney.com. Job growth by industry indicates professional and business services added 77,000 jobs, financial companies added 11,000 jobs, construction firms added 36,000 jobs and manufacturers 12,000. Other significant data reveal automobile sales hit an eight-year high while orders for new manufactured goods reached a six-month high for June. A survey of economists by CNNMoney predicts the U. S. economy added 200,000 jobs, and that the unemployment rate remained at 6.3 percent in June. ##

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