Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (7557)	7/2/2014 8:29:52 AM
From: Goose94	Respond to of 203031

U.S. companies increased the pace of hiring in June, according to a report released by payrolls processor ADP Wednesday. Private-sector employers added 281,000 jobs in June, up from the 179,000 new jobs reported for May. The ADP tally was well above various consensus estimates, which called for an increase of about 200,000 new jobs during the previous month. Looking at the components of the report, 117,000 jobs were created in the small business sector, 115,000 were created in medium-sized businesses and 49,000 were created in large businesses. The data also showed broad gains across the economic spectrum with 12,000 new jobs created in manufacturing industry, 11,000 were created in financial activities industry and 36,000 were created in the construction industry. Carlos Rodriguez, president and chief executive officer of ADP noted in the company's press release that the gains in construction jobs was "particularly encouraging," as that was the highest level in that industry since February 2006. "The job market is steadily improving. Job gains are broad based across all industries and company sizes," said Mark Zandi, chief economist of Moody’s Analytics, in the press release. "Judging from the job market, the economic recovery remains fully intact and is gaining momentum.” Economists have also been quick to point out that the private payrolls figures have not been a consistent predictor of official government nonfarm payrolls data. Because of the U.S. Independence Day holiday, markets will receive the official jobs numbers on Thursday. According to consensus forecasts, economists are expecting the data to show that 200,000 jobs were created in June.