News

Actions

Business hiring picks up faster than expected

Default-Image_1280x720.jpg
Posted at 9:49 PM, Jul 03, 2013
and last updated 2013-07-03 21:49:18-04

By Steve Hargreaves

NEW YORK (CNNMoney) — Hiring in the private sector picked up faster than expected last month.

Businesses added 188,000 jobs in June, according to the ADP National Employment Report, up from 134,000 jobs added in May. Economists were expecting the addition of 150,000 jobs, according to Briefing.com.

That was the strongest pace of hiring since February, and seen as a positive sign for the broader job market.

The ADP report is considered a preview to the much-watched government jobs report, which includes public and private sector positions. The government’s report comes out Friday, and is expected to show the addition of 155,000 jobs.

The-CNN-Wire/Atlanta/+1-404-827-WIRE(9473)
™ & © 2013 Cable News Network, Inc., a Time Warner Company. All rights reserved.