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ADP says companies boosted payrolls by 218,000

Companies added 218,000 workers in July, exceeding the average for the year and showing improving demand is bolstering the U.S. job market, a private payrolls report showed today.

By Jeanna Smialek | Updated on July 30, 2014
Businesses are limiting dismissals and taking on more workers. Photo: AP

July 30 (Bloomberg) — Companies added 218,000 workers in July, exceeding the average for the year and showing improving demand is bolstering the U.S. job market, a private payrolls report showed today.

The gain this month followed a 281,000 increase in June that was the strongest since November 2012, according to data from the ADP Research Institute in Roseland, New Jersey. The median forecast in a Bloomberg survey of economists called for a 230,000 advance in July.

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