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Jobs Growth Adds More Sunshine to U.S. Economic Performance

Nearly seven years after the last recession began, the U.S. economy has been ticking along at a good clip lately. Private employers added 281,000 jobs in June, according to a report on Wednesday from the ADP Research Institute, a number that exceeds the most optimistic forecast of economists surveyed by Bloomberg.

The official numbers for May from the Bureau of Labor Statistics come out on Thursday, and the strong ADP number, while not perfectly reliable as a predictor, increases the likelihood that the Bloomberg survey median (215,000 growth in private payrolls and zero growth in government payrolls) is too low.