US hiring in June likely picked up, but not enough to lower the unemployment rate
(page 1 of 4) View Entire Story

Hiring likely picked up slightly in June after sputtering in April and May. But the gains aren't expected to be enough to lower the unemployment rate.

Analysts forecast that the economy gained only 90,000 jobs last month, according to a survey by FactSet. It would mark a third straight month of weak job growth. The unemployment rate is expected to remain at 8.2 percent.

The Labor Department will report on June hiring and unemployment at 8:30 a.m. Eastern time Friday.

Some economists grew more optimistic on Thursday after a pair of reports signaled improvement in the job market last month. The government said fewer people applied for unemployment benefits for the second straight week. And payroll provider ADP said businesses added 176,000 jobs last month, up from its reported gain of 136,000 jobs in May.

Goldman Sachs responded to the better data by raising its forecast to a gain of 125,000 jobs last month, up from its initial prediction of 75,000.


Next Page
More Economy