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Monday, June 30, 2014

U.S. jobs growth likely to be relatively strong in June

U.S. employers likely maintained a fairly healthy pace of hiring in June, consistent with data that have suggested a sharp economic contraction in the first-quarter was an aberration.

Nonfarm payrolls probably increased 212,000, marking the fifth consecutive month of job gains above 200,000, according to a Reuters poll of economists. That, together with signs of a housing recovery, would cement views that growth has rebounded.

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