All articles tagged with #private sector employment
Originally Published 2 months ago — by Financial Times
In October, US private sector employers added 42,000 jobs, surpassing expectations and marking a recovery from previous declines, though signs of weakness remain, especially in leisure and hospitality sectors. The ADP report, influenced by the ongoing government shutdown, indicates a cautious but somewhat resilient labor market amid mixed economic signals and ongoing trade adjustments.
Originally Published 2 years ago — by PR Newswire
According to the ADP National Employment Report, private sector employment in the US increased by 103,000 jobs in November, with annual pay up 5.6% year-over-year. The report also highlighted that job growth in leisure and hospitality, which had been strong during the post-pandemic recovery, is expected to moderate in the coming year. Additionally, pay growth slowed in November, with job-stayers seeing a 5.6% increase and job-changers experiencing pay gains of 8.3%, the smallest increase since June 2021.
Originally Published 2 years ago — by PR Newswire
According to the ADP National Employment Report, private sector employment in the US increased by 113,000 jobs in October, with annual pay up 5.7% year-over-year. The report provides insights into job growth and pay trends based on anonymized payroll data. While no single industry dominated hiring, leisure and hospitality, education, and healthcare were the top job creators. Pay growth slowed to a two-year low, with job-stayers experiencing a 5.7% increase in pay, while job-changers saw an 8.4% increase. Despite a slowdown in the labor market, consumer spending remains strong.
Originally Published 2 years ago — by PR Newswire
According to the September ADP National Employment Report, private sector employment in the US increased by 89,000 jobs in September, while annual pay was up 5.9% year-over-year. The report also highlighted a decline in job growth and wages over the past 12 months. Large establishments drove the slowdown in job growth, losing 83,000 jobs, while pay gains slowed for both job stayers and job changers.
Originally Published 2 years ago — by Kitco NEWS
Private sector employment in the U.S. grew by 177,000 jobs in August, falling short of expectations, according to ADP. The report also highlighted a slowdown in wage growth, with all 50 states experiencing a decrease. Despite the disappointing employment data, gold prices remained steady, trading at $1,969 an ounce. Analysts are closely monitoring the labor market as it could impact the Federal Reserve's decision on interest rates.
Originally Published 2 years ago — by MarketWatch
The US private-sector added 324,000 jobs in July, surpassing economists' expectations, as businesses hired more workers to meet the growing demand for services like travel and dining. The majority of the new jobs were in the leisure and hospitality sector, which was hit hard by the pandemic. However, the manufacturing sector continued to struggle, shedding 36,000 jobs. While wage growth slowed, it remained above inflation. The US labor market remains strong, but there are signs of a slight softening.
Originally Published 2 years ago — by PR Newswire
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.
Originally Published 2 years ago — by PR Newswire
According to the ADP National Employment Report, private sector employment in the US increased by 497,000 jobs in June, with annual pay up 6.4% year-over-year. Job creation was driven by consumer-facing service industries, although wage growth in these industries continues to slow. The report also provides detailed data on employment changes by industry sector, region, and establishment size.