U.S. Private Sector Employment Rises Much Less Than Expected In April

RTTNews | 77 days ago
U.S. Private Sector Employment Rises Much Less Than Expected 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."

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U.S. Industrial Production Climbs 0.3% In June, More Than Expected

U.S. Industrial Production Climbs 0.3% In June, More Than Expected

Partly reflecting a surge by utilities output, the Federal Reserve released a report on Wednesday showing industrial production in the U.S. increased by more than expected in the month of June. The Fed said industrial production climbed by 0.3 percent in June, while revised data showed industrial production was unchanged in May.
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New York Manufacturing Index Unexpectedly Indicates Growth In July

New York Manufacturing Index Unexpectedly Indicates Growth In July

New York manufacturing activity has seen a notable turnaround in the month of July, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index surged to a positive 5.5 in July from a negative 16.0 in June, with a positive reading indicating growth. Economists had expected the index to rise to a negative 10.0.
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U.S. Consumer Prices Rise 0.3% In June, In Line With Estimates

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