Friday, December 19th2.4°C
24295
23980

Survey: US businesses add 238,000 jobs in December, most in year; construction posts big gain

WASHINGTON - A private survey shows U.S. businesses added the most jobs in a year in December, powered by a big gain in construction jobs. The figures add to evidence that the economy gained momentum at the end of 2013.

Payroll processor ADP said Wednesday that companies added 238,000 jobs in December, up slightly from 229,000 in the previous month. November's figures were revised higher.

Construction firms added 48,000 jobs in December, the most since 2006.

The ADP numbers cover only private businesses and often diverge from the government's more comprehensive report. But both reports have shown a solid pickup in hiring since the summer.

Last month, the Labor Department said private businesses added 203,000 jobs in November. The Labor Department will report on December job growth Friday.

Economists forecast that the government report will show employers added 196,000 jobs last month. That would be similar to the healthy average gain of 200,000 jobs a month from August through November. Those increases have helped push the unemployment rate to a five-year low of 7 per cent.

Improvement in international trade, factory orders and consumer spending has made economists more optimistic about economic growth in the October-December quarter. Many now expect growth will be at an annual rate of 3 per cent or higher, up from earlier estimates that were closer to 2 per cent.

The Canadian Press


Read more Business News

24304


Recent Trending




Today's Market
S&P TSX14346.75+133.36
S&P CDNX665.50+6.47
DJIA17778.15421.28
Nasdaq4748.396+104.085
S&P 5002061.23+48.34
CDN Dollar0.8636+0.0002
Gold1200.80+6.1001
Oil54.70+0.59
Lumber336.00-0.90
Natural Gas3.669+0.027

 
Okanagan Companies
Pacific Safety0.13+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.28+0.01
Cantex0.03-0.005
Anavex Life Sciences0.17+0.0041
Metalex Ventures0.055+0.005
Russel Metals26.00-1.18
Copper Mountain Mining1.57+0.03
Colorado Resources0.12+0.015
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.225+0.005

 
24130


21297

FEATURED Property
2093426express point road,scotch creek b.c
3 bedrooms 3 baths
$679,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...

_



24111

24111


Member of BC Press Council


24409