Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S. labor market, according to ADP. A separate report indicated that job openings continue on the decline, falling to their lowest level since early 2021. The payrolls...
ByMax Zahn May 3, 2024, 10:41 PM2:24 April employment additions lower than expected The April jobs report shows only 175,000 jobs were added last month while mortgage rates and unemployment rose.A worse-than-expected jobs report on Friday offered the latest evidence of an ec...
“The best you can say from today’s report is that job growth is slowing when looking at the average over the past few months,” said Matt Peron, director of research at Janus Henderson Investors. “However, wages were stubbornly high and that’s a key aspect of the report for the Fed...
and many businesses face pressures in meeting their obligations. One hopes that job losses remain focused in a narrow range of front-line sectors with little spillover to the rest of the economy, and that the firms where the employees used to work remain in business. If so, employment...
April Employment Report Is Bad News for Team ObamaHollander, Catherine
Japan's industrial production, employment figures and consumer confidence will also be key releases in the week. Download full report © 2024, S&P Global. All rights reserved. Reproduction in whole or in part without permission is prohibited. ...
Average hourly earnings for non-managers continued to cool last month, but overall workers' pay ticked up, growing at a 4.4% rate. "The labor market surprisingly remains hot and tight as indicated by a trifecta of strength reported in the three key categories in April — employment, the unem...
Wall Street applauded the report, with stocks sharply higher and bond yields falling. In the wake of the data, interest-rate futures showed a slightly larger chance of a cut in July, albeit still under 50%. The probability of a September rate cut increased to about 75% from 60% on Thurs...
April’s employment report will provide a bleak look at the swift collapse of the U.S. economy, which is expected to have lost a record 21.5 million jobs last month and driven the unemployment rate to 16%. The report, released at 8:30 a.m....
Treasury yields climbed to 2024 highs afterADP's monthly employment reportshowed U.S. private employersadding 184,000 jobs in March, more than analysts were expecting. The surprising jump in hiring, the largest since July, raised doubts about the Fed's willingness to cut interest rates in the...