The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at a much slower rate this year, The Wall Street Journal (WSJ) reported Sunday (Jan. 14). Economists surveyed by WSJ reduced the probability...
Private employers added 89,000 jobs last month, the slowest growth rate since early 2021. That’s according to the monthly employment report released Wednesday (Oct. 4) by ADP, which also showed wage growth slowing. “We are seeing a steepening decline in jobs this month,” ADP Chief Economist Nela Richardson said...
American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private employers in the U.S. added 177,000 jobs during the month, down from the revised total of 371,000 in July. ADP...
A strong labor market may be softening, confirming consumer hesitancy in returning to previous spending patterns. Department of Labor figures released Thursday (June 8) noted increased initial unemployment claims, marking a sharp U-turn from the tightening labor numbers in recent months. The 28,000 rise from the...
February 04, 2019
On Friday (Feb. 1), the government reported job numbers that blew away expectations. Data from the BLS and ADP, triangulated against the PYMNTS/Hyperwallet Gig Economy Index, showed that as full-time jobs are gaining ground, so is the gig economy, and across several of the same sectors. We break down some of the numbers.
July 10, 2017
How is U.S. employment stacking up? It depends on who you ask. The U.S. Labor Department announced Friday (July 7) that the country added 222,000 jobs in June, far surpassing...
September 09, 2025
JPMorgan Chase CEO Jamie Dimon sounded a warning on Tuesday (Sept. 9) after the latest labor market data showed the U.S. economy slowing. A revised report from the Labor Department earlier that day showed the economy created far fewer jobs than previously thought, revising downward the agency’s nonfarm payroll data for 12 months through March […]
January 14, 2024
The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at a much slower rate this year, The...
October 04, 2023
Private employers added 89,000 jobs last month, the slowest growth rate since early 2021. That’s according to the monthly employment report released Wednesday (Oct. 4) by ADP, which also showed wage growth slowing....
August 30, 2023
American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private employers in the U.S. added...