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U.S. Private Sector Employment Increases Much Less Than Expected In November
(RTTNews) - Private sector job growth in the U.S. fell well short of economist estimates in the month of November, payroll processor ADP revealed in a report released on Wednesday.
ADP said private sector employment increased by 127,000 jobs in November after surging by an unrevised 239,000 jobs in October. Economists had expected employment to jump by another 200,000 jobs.
"Turning points can be hard to capture in the labor market, but our data suggest that Federal Reserve tightening is having an impact on job creation and pay gains," said ADP chief economist Nela Richardson.
"In addition, companies are no longer in hyper-replacement mode," she added. "Fewer people are quitting and the post-pandemic recovery is stabilizing."
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Fed Leaves Interest Rates Unchanged In Divided Decision
The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting. In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
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U.S. Pending Home Sales Unexpectedly Decrease In June
Pending home sales in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index slid by 0.8 percent to 72.0 in June after jumping by 1.8 percent to 72.6 in May. Economists had expected pending home sales to rise by 0.2 percent.
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U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports
The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025. The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
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Pred 17 h 37 min
U.S. Private Sector Job Growth Exceeds Estimates In July
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of July. The report said private sector employment jumped by 104,000 jobs in July after slipping by a revised 23,000 jobs in June.
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Pred 17 h 52 min
U.S. Gross Domestic Product Rebounds More Than Expected In Q2
The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025.
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Pred 19 h 4 min
U.S. Private Sector Employment Jumps More Than Expected In July
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of July.
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Pred 19 h 14 min
U.S. Job Openings Decrease Slightly Less Than Expected In June
The Labor Department released a report on Tuesday showing job openings in the U.S. decreased by slightly less than expected in the month of June.
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U.S. Consumer Confidence Modestly Improves In July
Consumer confidence in the U.S. saw a modest improvement in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index rose to 97.2 in July after falling to a revised 95.2 in June.
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