Private employers eliminated an average of 2,500 jobs a week during the four weeks ended Nov. 1, ADP said in a Tuesday (Nov. 18) press release. On Oct. 25, ADP’s four-week moving average of private-sector job creation showed a loss of 14,250 jobs per week,...
September employment data that was delayed by the government shutdown is set to be released next week, but October data may never be released. The Bureau of Labor Statistics said Friday (Nov. 14) that it will issue its employment situation release for September on Thursday...
The longest federal government shutdown in U.S. history has apparently led to an unprecedented gap in economic data. It’s rendered the Bureau of Labor Statistics (BLS) unable to compile the October Consumer Price Index and non-farm payroll figures. Although CNBC reported that “the spending impasse...
A leading Federal Reserve official warns that problems of poorer Americans could threaten economic growth. In an interview Saturday (Nov. 8) with the Financial Times (FT), New York Fed President John Williams says data and conversations with community leaders spotlighted the affordability crisis facing many...
Suppose Thanksgiving is America’s annual CFO meeting, one part nostalgia, two parts spreadsheet. In that case, it’s also a perfect mirror for how the digital economy has re-wired the way we eat, shop and schlep to Grandma’s house. The menu is still familiar, but the...
As the government shutdown loomed, PYMNTS Intelligence last month found consumers’ optimism about their financial stability weakened as income growth trailed rising expenses. Four in 10 consumers said their paychecks are not keeping up with higher prices, and more than half reported that inflation continued...
Artificial intelligence (AI) and cost-reduction caused American employers to cut 153,074 jobs last month. That’s a 175% jump from October of 2024 and 183% higher than the 54,064 cuts announced in September of this year, per a Thursday (Nov. 6) report by outplacement and executive coaching company Challenger,...
The private sector added 42,000 jobs in October, with the trade, transportation and utilities industry leading the way, ADP said Wednesday (Nov. 5). That industry was among five that added jobs during the month, while another five industries shed jobs, the human resources and payroll...
More than 500 travel organizations and companies signed a letter calling on Congressional leaders of both parties to pass a clean continuing resolution to reopen the federal government in time for services to be restored before Thanksgiving. Sent on the letterhead of the U.S. Travel...