Commentary The latest released U.S. nonfarm payrolls continue on the upside to the surprise of the market, with a month-on-month (MoM) increase of 253,000 jobs beating expectations of 180,000 and the previous month’s 165,000. Despite the trend has been declining from 400,000 at the beginning of the year to over 200,000, which is not low…
Jobs Growth Is Strong Until Recession Begins
May 11, 2023
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Americans’ Real Wages Decline Due to Rising Inflation
Even though Americans have seen sizable wage growth over the past year, real wages have actually dipped during the period due to soaring inflation, which is presently at four-decade high levels. “In June, average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3 percent, to $32.08. Over the past…
US Private Sector Employment Falls by 301,000 Jobs: ADP
Payroll processor ADP said in its closely-watched jobs report that America’s private employers not only failed to add any jobs in January but payrolls actually dropped by over 300,000 that month, teeing up what could be a disappointing jobs report when official government statistics are released later in the week. Private-sector employment in the United…
US Employers Added 531,000 Jobs in October, Beating Expectations
U.S. employers added over half a million jobs in October, beating market expectations and painting a picture of labor market recovery on more solid footing than the prior month’s dismal job creation numbers pointed to. The Labor Department’s jobs report, released Nov. 5, shows that non-farm payroll employment rose by 531,000 last month, substantially above consensus forecasts…
American Employers Hired 571,000 Workers in October, Beating Estimates: ADP
Private sector employment in the United States rose by 571,000 positions in October, well above consensus forecasts of 395,000, according to Nov. 3 payroll data from the Automatic Data Processing (ADP) Research Institute. “The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly…
US Employers Hired 571,000 Workers in October, Beating Estimates: ADP
Private sector employment in the United States rose by 571,000 jobs in October, well above consensus forecasts of 395,000, according to Nov. 3 payroll data from the Automatic Data Processing (ADP) Research Institute. “The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly…
American Employers Added 194,000 Jobs in September, Far Below Expectations
America’s private employers added fewer than 200,000 jobs in September, sharply undershooting market expectations and painting a picture of labor market recovery that’s on wobbly footing. The Labor Department’s jobs report, released Oct. 8, shows that non-farm payroll employment rose by a paltry 194,000 last month, down from last month’s upwardly revised 366,000 and far below the…
Decline in Shift Work Casts Shadow on Upcoming Jobs Report
High-frequency workforce activity data from payroll tracking firm Ultimate Kronos Group (UKG) shows that September shift work declined for the second month in a row, casting a shadow over Friday’s closely-watched government report that will reveal how many jobs the U.S. economy created last month. UKG’s workforce activity report, released Oct. 5, showed that September…
Decline in Shift Work Casts Shadow on Oct. 8 Jobs Report
High-frequency workforce activity data from payroll tracking firm Ultimate Kronos Group (UKG) shows that shift work in the United States declined for the second month in a row in September, casting a shadow over the closely watched government report due on Oct. 8 that will reveal how many jobs the U.S. economy created last month….
JPMorgan Predicts Weak Jobs Recovery as Fed Officials Mull Policy Moves Around Stimulus
A JPMorgan model for forecasting job creation in the U.S. economy predicts another weak number for September, on the back of a reduction in consumer spending in sectors like travel and leisure. The predictive model, created by the bank’s quantitative research team, projects September’s nonfarm payrolls number to come in at 333,000. While that would be…
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