Job growth increases in June in the US

Washington : US employers added new workers at a surprisingly strong rate in June after an unnerving stall in May, delivering a fresh sign of US economic strength, the Labor Department reported. Private businesses and government authorities generated 287,000 new positions last month, 112,000 more than analysts had expected, reports AFP. That largely compensated for the poor numbers from May that had shocked policymakers and markets, sending the dollar lower and contributing to the Federal Reserve’s decision last month to put off an interest rate hike.