Increased Hiring In June

Posted by Rob Mon, 30 Jul 2007 18:39:23 GMT

Info from the US dept of Labor shows increased hiring has been occuring the past few months.

U.S. employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.

Wages also grew and the work week lengthened while the national unemployment rate remained steady at a relatively low 4.5 percent, bolstering an impression that the economy was bouncing back from a lull at the start of the year.

June hiring topped forecasts for 120,000 new jobs made by Wall Street economists surveyed by Reuters. Also, the government said 75,000 more jobs than previously thought were created in April and May – completing a brisk pace of hiring throughout the second quarter.

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