Economy

Job growth likely will look stronger in June report as companies scramble to find workers

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A ‘Hiring All Positions’ sign is displayed at a pastry shop on June 23, 2021 in Los Angeles, California.

Mario Tama | Getty Images

June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as companies continued to struggle to find employees to hire.

Economists expect nonfarm payrolls grew by 706,000 jobs in June and the unemployment rate fell to 5.6% from 5.8%, according to Dow Jones. That compares to 559,000 jobs created in May. Average hourly earnings are expected to have jumped 0.3% in June over May, and on a year-over-year basis were expected to rise by 3.6%, after a 1.98% increase in May.

“I think June is the last month where the numbers are going to…



Source cnbc.com

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