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June Jobs Report Preview: Cooling Labor Market Trends May Further Bolster Rate Cut Hopes
Wednesday, July 3, 2024 - 11:56am | 956The U.S. labor market doesn’t appear as tight and hot as a couple of months ago, with the June’s Employment Situation report likely to show an overall cooling trend from a very strong performance in May. Slated for release Friday at 8:30 a.m. ET, the official jobs report from the...
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Private Employment Shows Robust Growth In December: What It Means For Friday's Key Jobs Report
Thursday, January 4, 2024 - 9:53am | 411The pace of monthly employment growth in the private sector of the United States showed a marked improvement in December, indicating the strong resilience of the U.S. labor market. According to Automatic Data Processing Inc., private employers added 164,000 new payrolls in December, surpassing the...
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Cooling Signs In US Job Market Raise Concerns Ahead of November Jobs Report: 'The Boost Is Behind Us'
Wednesday, December 6, 2023 - 11:51am | 554Signs of cooling in the U.S. labor market have begun to surface, leaving investors eagerly awaiting the official November jobs report set to release at 8:30 a.m. ET Friday. This pivotal report comes just ahead of the critical Federal Open Market Committee meeting next week, adding to the high...
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Rising Interest Rates, Slow Job Growth: Is The US Economy Headed For A Downturn? Economists Weigh In
Wednesday, October 4, 2023 - 2:14pm | 633Data issued by Automatic Data Processing Inc (NASDAQ:ADP) on Wednesday raised concerns over the decelerating pace of monthly employment growth among private U.S. businesses. This marked the third consecutive month of declines as September numbers rolled in, and details of the report painted a...
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Labor Market Is Cooling: ADP Job Growth Misses Expectations. Here's How Fed Rate Bets And Markets Are Reacting
Wednesday, April 5, 2023 - 9:14am | 446The market got another hint of labor market weakness in the United States on Wednesday, as Automatic Data Processing, Inc. (ADP) reported 145,000 jobs added by private companies in March 2023, down from 261,000 in February and significantly below forecasts of 200,000. According to ADP Chief...