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U.S. job growth seen strong in June, wages picking up
WASHINGTON (Reuters) - U.S. employers likely maintained a brisk pace of hiring in June while increasing wages for workers, which would reinforce expectations of robust economic growth in the second quarter and allow the Federal Reserve to continue raising interest rates.Nonfarm payrolls probably increased by 195,000 jobs last month, adding to the 223,000 positions generated in May, according to a Reuters survey of economists. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. The Labor Department will publish its closely watched employment report on Friday at 0830 EDT (1230 GMT). Posted by: Besoeker 2018-07-06 |
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