ManpowerGroup CEO Prising Talks Jobs Figures With Bloomberg TV

ManpowerGroup CEO Jonas Prising tells Bloomberg TV that he sees the June jobs figures as 'entirely consistent with a slow growth economy.'
By Amanda Schiavo ,

NEW YORK (TheStreet) --The June jobs figures were released on Friday morning showing that the U.S. economy added 287,000 positions last month, well above the 175,000 Wall Street was expecting.

However, the country's unemployment rate grew slightly more than expected to 4.9% versus the 4.8% forecast. May's payroll growth figures were revised downward to 11,000 and April's growth was revised upward to 144,000 from 123,000.

CEO Jonas Prising, of the multinational human resource consulting firm ManpowerGroup, joined Bloomberg TV's "Bloomberg Go" this morning and gave his thoughts on the latest jobs figures.

"We think these numbers are entirely consistent with a slow growth economy [and] a good labor market that still has some slack. You can see the bouncing around between May and June so we look at the three month average, it's a solid number, almost 150,000. Hours worked are stable, there is wage inflation, we expect more wage inflation going forward. All of that is consistent with a good labor market," Prising said.

ManpowerGroup surveyed 11,000 employers throughout the U.S. and found that employers are optimistic going into the next quarter. It was a forward looking survey and employers are seeing a stable situation in terms of their business outlook.

Employers "by in large continue hiring at a reasonable pace," Prising added.

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