Skip to content
Subscriber Only

Payroll Gains Probably Sustained in June: U.S. Economy Preview

Employers in the U.S. probably created almost as many jobs in June as in the prior month as businesses grew more confident the economy will overcome the tax increases and government cutbacks that have restrained growth, economists said before reports this week.

Payrolls grew by 165,000 workers after rising by 175,000 in May, according to the median forecast of 70 economists in a Bloomberg survey ahead of July 5 figures from the Labor Department. Other reports may show manufacturing is making little progress, while service industries are picking up.