U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

RTTNews | vor 43 Tagen
Stocktwits
U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April.

ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.

Economists had expected private sector employment to jump by 125,000 jobs compared to the addition of 155,000 jobs originally reported for the previous month.

"Unease is the word of the day. Employers are trying to reconcile policy and consumer uncertainty with a run of mostly positive economic data," said ADP chief economist Dr. Nela Richardson. "It can be difficult to make hiring decisions in such an environment."

ADP said the weaker than expected private sector job growth came as the education and health services, information, and professional and business services industries lost jobs, while hiring in other sectors was moderate.

The report also said pay for job-stayers rose 4.5 percent in April compared to the same month a year ago, reflecting a slight deceleration from March.

Meanwhile, year-over-year pay growth for job-changers accelerated to 6.9 percent in April from 6.7 percent in March.

The Labor Department is scheduled to release its more closely watched monthly employment report, which includes both public and private sector jobs, on Friday.

Economists currently expect employment to jump by 130,000 jobs in April after surging by 228,000 jobs in March, while the unemployment rate is expected to remain unchanged at 4.2 percent.

Tags: USD
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A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
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U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
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