
Private Sector Added 155,000 Jobs in March, Exceeding Expectations
According to the latest ADP report, the private sector in the United States added 155,000 new jobs in March 2023, surpassing the projected 150,000 vacancies. This significant increase in employment demonstrates a strengthening economy and confidence in the future of the labor market. It's important to note that this growth comes amid uncertainty in other sectors of the economy, particularly in manufacturing, which is facing various challenges, including rising costs and changes in product demand.
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Private Sector Adds Just 77,000 Jobs in February, Well Below Expectations
According to a report from ADP, the private sector in the United States added only 77,000 jobs in February, which came as a sharp disappointment compared to analysts’ expectations. Predictions ranged from 120,000 to 200,000 new jobs, and such low growth raises concerns about the overall state of the economy. In January, revised figures showed an addition of 119,000 jobs, also below initial estimates.
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Private Sector Adds 122,000 Jobs in December, Below Expectations
Recent data released by ADP shows that the private sector of the U.S. economy added only 122,000 jobs in December 2022. This figure fell short of analysts' expectations, who predicted that the numbers would be significantly higher. The increase in private sector jobs marked the lowest level in several months, raising concerns about the stability of the labor market.
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Job Growth in the U.S.: Lowest Increase Since 2021
Recent data from ADP shows that companies in the U.S. added the fewest jobs since 2021. In August, the economy created only 177,000 new positions, which is significantly lower than analysts' expectations. This indicates a slowdown in employment growth amid economic uncertainty and rising interest rates from the Federal Reserve.
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