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Adp National Employment Report

All articles tagged with #adp national employment report

businesseconomy1 year ago

"March Sees Strongest US Private Sector Job Growth in Eight Months"

Private sector job growth exceeded expectations in March, with companies adding 184,000 jobs, marking the best month for job creation since July. Wage growth also accelerated, particularly for workers who switched jobs, with annual pay rising 10%. The report showed broad-based job gains across sectors, with the leisure and hospitality sector leading in new hires. The data precedes the release of the more closely watched March jobs report from the Labor Department on Friday, which is expected to show employers hiring 200,000 workers.

via Fox Business|
#adp-national-employment-report#businesseconomy#federal-reserve
economy2 years ago

Private sector job growth in August falls short of expectations, only 177,000 added: ADP report

Private sector job growth in the US cooled sharply in August, with companies adding only 177,000 jobs, below economists' expectations and the lowest since March. The slowdown in hiring suggests that the labor market is starting to cool amid higher interest rates. The weaker-than-expected report comes after the Federal Reserve's aggressive tightening campaign, and Chair Jerome Powell has indicated that more rate increases may be on the table. Wages continued to moderate in August, with annual pay rising at the slowest pace since October 2021. The leisure and hospitality sector saw the most significant slowdown in job growth, while education and health services accounted for the biggest gains.

via Fox Business|
#adp-national-employment-report#economy#federal-reserve
economic-report2 years ago

"July Sees 324,000 Job Increase and 6.2% Rise in Annual Pay: ADP Report"

According to the ADP National Employment Report, private sector employment in the US increased by 324,000 jobs in July, with annual pay up 6.2% year-over-year. Job creation remained strong, driven by the leisure and hospitality sector, although manufacturing saw a decline in employment. Pay growth slowed down, with job stayers experiencing the slowest pace of gains since November 2021. The report provides a detailed breakdown of employment changes by industry sector, region, and establishment size.

via PR Newswire|
#adp-national-employment-report#economic-report#job-growth
economy2 years ago

Private sector job growth in June surpasses expectations, signaling strength in US labor market

Private sector job growth in the US unexpectedly surged by 497,000 in June, more than double the predicted gain, according to the ADP National Employment Report. This marks the largest one-month gain in over a year and indicates a tight labor market despite higher interest rates. Wages continued to moderate, with annual pay rising 6.4% in June. The majority of job gains were in the service-providing sector, particularly in leisure and hospitality, while manufacturing saw significant losses. Medium and small businesses led the way in hiring, reversing previous struggles. The official June jobs report from the Labor Department is expected to be released on Friday.

via Fox Business|
#adp-national-employment-report#economy#interest-rates
business2 years ago

Private sector job growth exceeds expectations, reaches nine-month high in April

Private sector job growth in the US unexpectedly surged in April, with companies adding 296,000 jobs, beating economists' predictions of 148,000. The ADP National Employment Report showed that the leisure and hospitality industry added the most jobs, while manufacturing saw the biggest losses. The report comes as the Federal Reserve tries to slow the labor market with interest rate increases to combat inflation. However, wages cooled at a faster pace in April, which could be a welcoming sign for the Fed. The data precedes the release of the more closely watched April jobs report on Friday.

via Fox Business|
#adp-national-employment-report#business#federal-reserve
business2 years ago

ADP reports disappointing private payroll growth in March while gold prices continue to soar.

US private employers added 145,000 jobs in March, falling short of the expected 200,000, according to the ADP National Employment report. The data follows Tuesday's government report that job openings fell below 10 million for the first time in two years. The slowdown in job growth will be welcomed by the Federal Reserve as it considers whether to pause its interest rate hikes.

via Reuters|
#adp-national-employment-report#business#federal-reserve