The pace of job growth among America’s private employers slowed sharply in April while small business hiring dipped into negative territory, according to payroll processor ADP, with the numbers painting a picture of a labor market recovery losing steam. Private-sector employment in the United States grew by 247,000 positions in April, according to ADP’s May…
Private Sector Employment Growth Slows Sharply as Small Businesses Shed Jobs: ADP
Dollar Holds After Job Report Posts Positive Numbers and European Tensions Flare
April 5, 2022
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The U.S. dollar gained ground for three straight sessions assisted by robust U.S. job growth in March, expectations of faster rate hikes by the Fed, and the prospect of increased sanctions on Russia amid rising Ukrainian civilian casualties. The USD/EUR rebounded from a low of 0.8946 on March 30 to end April 4 at 0.9112,…
US Economy Adds 431,000 New Jobs in March, Falling Short of Market Estimates
The U.S. economy added 431,000 new jobs in March, falling short of the market estimate of 490,000, according to new data from the Bureau of Labor Statistics (BLS). This is down from the 750,000 positions created in February. The unemployment rate fell to 3.6 percent, better than economists’ expectations of 3.7 percent. The average hourly…
January Jobs Far Exceeds Expectations; Federal Reserve Rate Hike Looms
The January jobs report printed at a moderate 467,000 new jobs, well above the consensus estimate of 150,000. The seasonally adjusted unemployment rate was 4 percent, unchanged. The seasonally adjusted U-6 Unemployment, at 7.1 percent, was down 2/10th of a percentage point from December, and down 4 percentage points since last year. Analysis: Details and…
Biden Says He Has a Cold After Speech Delivered With Hoarse Voice
President Joe Biden told reporters that he has a cold, after repeatedly coughing during an address Dec. 3. Biden’s voice sounded deeper than usual, and he had to stop multiple times to cough, and clear his throat, during remarks on the November jobs report. Biden took questions following the 14-minute address, and after being asked…
US Employers Added 210,000 Jobs in November, Less Than Half of Estimates
U.S. employers added a paltry 210,000 jobs in November, sharply below consensus forecasts of 550,000 and more than half as many as in October, though the underwhelming job creation numbers triggered Wall Street stock futures to shoot up, as investors bet it would ease pressure on the Fed to accelerate its timetable for scaling back…
Wall Street Books Records, Weekly Gains on Strong Jobs Report
Wall Street’s main indexes scored record closing highs on Friday and booked solid gains for the week following a strong jobs report. The S&P 500 and the Nasdaq notched record high closes for their seventh straight sessions, while the Dow Jones Industrial Average also closed at a record. All three indexes posted weekly gains for…
Biden Uses Positive Jobs Report to Tout COVID Vaccines and Rescue Plan
President Joe Biden has touted a positive jobs report as evidence that the country’s vaccine distribution, as well as the American Rescue Plan, are having a positive effect on the United States’ economy. U.S. employers added half a million jobs in October to beat market expectations and improve upon a dismal report the month before….
US Employers Added 531,000 Jobs in October, Beating Expectations
U.S. employers added over half a million jobs in October, beating market expectations and painting a picture of labor market recovery on more solid footing than the prior month’s dismal job creation numbers pointed to. The Labor Department’s jobs report, released Nov. 5, shows that non-farm payroll employment rose by 531,000 last month, substantially above consensus forecasts…
Community Organisation Calls For More Support for Disadvantaged Job Hunters
Anglicare Australia has called for more support for job seekers with barriers to return to work while criticising the federal government’s JobSeeker program as a “failing” system. According to Anglicare, there are around 27 job seekers applying for the same entry-level job and people without qualifications or work experience are spending an average of five…
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