Payrolls increased in June by substantially more than projected, the Labor Department reports. The economy added 262,000 private non-farm jobs last month vs. May, well above Econoday.com’s consensus forecast of 210,000 (or the Capital Spectator’s 235,000 median prediction). Good news, of course, but not quite a clear and unambiguous sign that the labor market’s growth is accelerating beyond the pace we’ve seen before the economy hit a speed bump earlier this year.
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