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Job prediction positive for third quarter

A private employment index predicts that U.S companies will hire more people in the third quarter.

Manpower Inc.’s employment index rose to 11 percent, the highest level in four years, according to Bloomberg. 

The report was a positive sign, since the U.S. economy added jobs at the slowest rate all year in May. An increase in jobs and hiring could spur consumers to start spending more, which would spur the economy since 70 percent of the economy is made up of consumer spending, according to Bloomberg.

Globally, Manpower said that in two-thirds of the countries it surveyed, hiring would slow in the third quarter from a year ago.

IndiaTaiwanBrazilTurkey and Singapore are expected to add the most jobs, according to a release.

“The U.S. outlook represents two straight years of steady improvement and while we haven’t seen meaningful job creation yet, there are more opportunities for job seekers with the right skills,” said Jeffrey Joerres, chairman and CEO of Manpower.

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