U.S. companies added more jobs in June than expected, indicating further progress in the nation’s labor market recovery. The 692,000 gain in private payrolls followed a downwardly revised 886,000 increase in May, according to ADP Research Institute data released Wednesday. The median projection in a Bloomberg survey of economists called for a 600,000 gain this month. The advance in hiring suggests robust demand, diminishing economic uncertainty and a return to many pre-pandemic activities continue to drive additional employment gains, especially within the leisure and hospitality sector. The data also indicate businesses are having some success filling a multitude of open positions. Amid a ramp-up in demand, many employers have rushed to increase headcount. Job openings stand at a record high, and a separate report out Tuesday from the Conference Board showed the […]