Friday, October 31st9.0°C
23696
22501

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




Recent Trending




Today's Market
S&P TSX14578.53+119.84
S&P CDNX761.32-10.33
DJIA17354.91159.49
Nasdaq4619.358+53.22
S&P 5002012.16+17.51
CDN Dollar0.8864-0.007
Gold1164.90-33.70
Oil79.93-0.97
Lumber323.80+0.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.115+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.16+0.01
Cantex0.045-0.015
Anavex Life Sciences0.175+0.0039
Metalex Ventures0.03-0.005
Russel Metals32.57+0.35
Copper Mountain Mining2.03+0.06
Colorado Resources0.12-0.02
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 





FEATURED Property
192997221-1880 Old Boucherie Road
3 bedrooms 2 baths
$69,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22786