Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP reported in a survey of nearly 33,000 people worldwide. The survey found that two-thirds of…
Two-Thirds of Workers Might Seek New Jobs If Forced Back to Office: Global Survey
Private Sector Employment Growth Declined Last Month: ADP Report
Private sector employment growth in the United States declined in March when compared to February, according to data from the ADP National Employment Report published on March 30, as Americans continue quitting the workforce amid a tight labor market. Overall, 455,000 jobs were added for the month, which is lower than the 486,000 jobs added…
Tightening US Labor Market Underpins Consumer Confidence Despite Soaring Inflation
WASHINGTON—U.S. consumer confidence rebounded from a one-year low in March amid growing labor market optimism, but rising interest rates as the Federal Reserve battles raging inflation could hurt motor vehicle purchases and crimp consumer spending. The labor market continues to favor workers, with other data on Tuesday showing job openings hovering near record highs in…
US Labor Market Very Tight, Job Openings Near Record High in January
WASHINGTON—U.S. job openings fell in January, but remained near record highs as worker shortages persisted, pointing to a tight labor market that will continue to generate strong wage gains and contribute to keeping inflation high. Job openings, a measure of labor demand, dropped 185,000 to 11.263 million on the last day of January, the Labor…
High Inflation, Hiring Woes Continue to Hammer American Firms: Fed Survey
A new Federal Reserve report paints a picture of American businesses continuing to be impacted by high inflation and worker shortages, with little prospect for an easing of price pressures in the near future as rising input costs were noted across a range of industries in recent weeks. The Fed’s so-called “Beige Book,” which is…
High Inflation, Hiring Woes Continue to Hammer US Firms: Fed Survey
A new Federal Reserve report paints a picture of U.S. businesses continuing to be affected by high inflation and worker shortages, with little prospect for an easing of price pressures in the near future, as rising input costs have been noted across a range of industries in recent weeks. The Fed’s so-called Beige Book, which…
Jobless Claims Jump to Higher-Than-Expected 248,000
New weekly filings for unemployment insurance—a proxy for layoffs—have reversed three consecutive weeks of declines and notched higher than analysts predicted, though jobless claims are still generally running at near pre-pandemic levels, suggesting the labor market recovery remains intact. First-time filings for unemployment insurance rose by 23,000 to 248,000 for the week ending Feb. 12,…
Unemployment Claims Drop for 3rd Straight Week, Pointing to More Labor Market Tightening
The number of American workers filing weekly jobless claims—a proxy for layoffs—have declined for the third straight week, pointing to further firming of an already tight labor market. First-time filings for unemployment insurance came in at 223,000 for the week ending Feb. 5, down 16,000 from the prior week’s revised level of 239,000, the Labor…
US Private Sector Employment Falls by 301,000 Jobs: ADP
Payroll processor ADP said in its closely-watched jobs report that America’s private employers not only failed to add any jobs in January but payrolls actually dropped by over 300,000 that month, teeing up what could be a disappointing jobs report when official government statistics are released later in the week. Private-sector employment in the United…
Capitol Report (Jan. 20): Biden Slipping in the Polls
January 20, 2022
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Thursday marks the first year of President Joe Biden’s time in the Oval Office. What do lawmakers have to say about it, and what’s Biden’s vision for his next year in office? With Biden’s first year currently in review, we speak with Congressman Ralph Norman (R-S.C.) to get his thoughts. He also weighs in on…
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