Private payrolls increased 203,000 in May. The ADP National Employment Report showed 237,000 private-sector jobs were created in June, beating the median expectation among economists surveyed by Reuters for a gain of 218,000 jobs.
A strong June jobs number would make it clear the economy can absorb a rate hike and the Fed can move at any time it wants,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.
“The economy has shifted back into solid growth mode. The recent raft of upbeat data supports views of a September interest rate hike from the Federal Reserve, although market-based forecasting tools suggest lift-off may not occur until late in the year or even in 2016. The brightening growth outlook was also bolstered by other data on Wednesday showing auto sales remained strong in June and construction spending rose in May to its highest level in just over 6-1/2 years. prosecutors Around 39,500 customers bought 2009 year VW vehicles eligible for the 1,300 rebate, according to the research firm Autodata Corp. Analysis - VWs diesel tax breaks could be a focus for U.S. Auto assembly line robots weld on the frame of 2009 Dodge Ram pick-up trucks at the Warren Truck Assembly Plant in Warren, Michigan September 12, 2008. autodata Addeddate 20:07:41 Identifier Autodata3.40201412 Scanner Internet Archive HTML5 Uploader 1.6.0. According to Autodata Corp., 107,626 of those vehicles.
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