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Private Payrolls

All articles tagged with #private payrolls

economy1 month ago

US Private Payrolls Fall by 32,000 in November Amid Small Business Job Losses

US private payrolls declined by 32,000 in November mainly due to small business layoffs, but this may not reflect the overall labor market health, as government data shows low layoffs and the ADP report's reliability is questionable. Import prices remained unchanged in September, with tariffs and currency fluctuations influencing costs. The upcoming official employment report is delayed, and Federal Reserve rate decisions may be influenced by these mixed signals.

via Reuters|
#economy#job-losses#november
business1 month ago

Private Payrolls Decline in November, Sparking Market Volatility

The ADP jobs report showed an unexpected decline of 32,000 private-sector jobs in November, raising questions about the labor market amid the government shutdown, and supporting the case for a Federal Reserve rate cut. Despite the report, markets remain optimistic about a rate cut, with the S&P 500 slightly lower after initial gains, and the official government jobs report delayed until mid-December.

via Investor's Business Daily|
#adp-jobs-report#business#federal-reserve
finance1 year ago

"Stocks Mixed Amid Economic Uncertainty and Jobs Data"

Stock futures remained nearly flat as investors awaited private payroll data and analyzed recent corporate earnings. Dow Jones, S&P 500, and Nasdaq 100 futures each rose around 0.1%. Notable after-hours stock movements included Hewlett Packard Enterprise climbing over 16% and CrowdStrike jumping nearly 7% on strong earnings. Upcoming labor market data, including the ADP report and jobless claims, are key focuses for traders.

via CNBC|
#corporate-earnings#federal-reserve#finance
economics1 year ago

"ADP Reports Weaker-Than-Expected Growth with 140,000 Private-Sector Jobs Added in February"

Private sector job growth in February increased by 140,000, slightly below the expected 150,000, with gains in leisure and hospitality, construction, trade, transportation, and finance. Annual pay for those staying in their jobs rose by 5.1%, the smallest increase since August 2021, potentially indicating receding inflation pressures. ADP's report precedes the Labor Department's official nonfarm payrolls release, with economists expecting Friday's report to show an increase of 198,000.

via CNBC|
#adp#economic-growth#economics
economy2 years ago

Private Payrolls in US Fall Short of Expectations, Increasing by 103,000 in November

Private sector job creation in the US slowed in November, with companies adding just 103,000 workers, below expectations, according to a report by payrolls processing firm ADP. This is a slight decrease from the downwardly revised 106,000 jobs added in October. The report also revealed that wages showed their smallest growth in over two years, with an annual increase of 5.6%. The leisure and hospitality sector, which had been leading job creation since the pandemic hit, recorded a loss of 7,000 jobs in November. The ADP report comes ahead of the more widely watched nonfarm payrolls count from the Labor Department.

via CNBC|
#adp-report#economy#job-growth
economy2 years ago

ADP Reports Disappointing September Job Growth, Falls Short of Expectations

Private payrolls in the US rose by only 89,000 in September, significantly below expectations and indicating a potential loosening of the historically tight labor market. The ADP report also revealed a decline in annual wage growth for the 12th consecutive month. The numbers differ from the government's official count, which will be released on Friday. Job gains were primarily seen in the services sector, with leisure and hospitality contributing the most. Other sectors, such as financial activities, construction, and education and health services, also posted gains, but these were offset by losses in professional and business services, trade, transportation, and utilities, and manufacturing.

via CNBC|
#adp-report#economy#job-growth
business2 years ago

US Labor Market Continues to Show Strength Despite Challenges

The number of Americans filing new claims for unemployment benefits increased modestly last week, pointing to continued labor market tightness that could push the Federal Reserve to keep interest rates elevated. Labor market resilience was underscored by other data on Thursday showing private payrolls increased more than expected in May, boosted by hiring in the leisure and hospitality industry as well as the natural resources and construction sectors.

via Reuters|
#business#federal-reserve#interest-rates
business2 years ago

US Job Market Continues to Show Strong Growth in May and April

Private payrolls in the US rose by 278,000 in May, surpassing expectations and taking payroll growth so far in 2023 to 1.09 million, according to a report by payroll processing firm ADP. The report noted that job gains were concentrated in leisure and hospitality, which added 208,000 positions, and natural resources and mining, which saw a gain of 94,000. However, wage growth slowed, with annual pay up 6.5% in May, down from the 6.7% increase in April.

via CNBC|
#adp#business#job-gains
business2 years ago

Private Payrolls Soar in April, Surpassing Expectations

Private payrolls in the US surged by 296,000 in April, beating expectations and marking the highest monthly increase since July 2022, according to payroll processing firm ADP. The gain comes despite Federal Reserve efforts to slow economic growth and tame a powerful labor market that has added more than 800,000 jobs this year. The fastest job growth in April came in leisure and hospitality, followed by education and health services and construction. Annual pay rose 6.7% over the past year, a deceleration from gains that had been consistently coming in above 7%.

via CNBC|
#adp#business#job-market
finance2 years ago

US Stocks Slip on Weak Economic Data and Recession Fears

Weaker-than-expected private payrolls data for March has deepened worries that the rapid interest rate hikes by the Federal Reserve may tip the U.S. economy into a recession. With growing concerns about a worsening economic outlook following the recent turmoil in the banking sector, market expectations have shifted in favor of the U.S. central bank hitting the brakes on its interest rate hikes. Traders' bets of a pause by the Fed in May shot up to 62.2%, while odds of a 25-basis point interest rate hike fell to 37.8%.

via Reuters|
#federal-reserve#finance#interest-rates
business2 years ago

US Private Sector Adds 145,000 Jobs in March, Falling Short of Expectations

Private sector hiring in the US slowed down in March, with payrolls rising by just 145,000, according to payroll processing firm ADP. This is down from an upwardly revised 261,000 in February and below the Dow Jones estimate for 210,000. The data suggests that US economic growth is heading for a sharp slowdown or recession. The report serves as a precursor to Friday's nonfarm payrolls report from the Labor Department, which is expected to show payroll growth of 238,000 in March and the unemployment rate holding at 3.6%.

via CNBC|
#adp#business#economic-slowdown