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US June Hiring Surges

US June Hiring SurgesUS June Hiring Surges

Employers in the US shook off two months of weak hiring by adding 287,000 jobs in June, a robust pace that suggests a resilient US economy recovering from a slump early in the year, AP reported. The strong report shows that the US job market was improving before Britain voted late last month to leave the European Union, raising fears of a global recession. Friday’s Labor Department figures suggest that the US economy, which has defied overseas weakness before, might be able to do so again. The June hiring spurt marked a sharp improvement from May’s dismal showing, when only 11,000 jobs were added, and April’s modest gain of 144,000. June’s increase was the largest since October 2015.

 

Financialtribune.com