Job Scare: ADP Says Businesses Added Just 99,000 Jobs In August, Manufacturing Jobs Shrank
Payroll processing company ADP estimates that hiring slowed significantly in August.
Payroll processing company ADP estimates that hiring slowed significantly in August.
Businesses in the U.S. added 184,000 workers to their payrolls in March, the largest increase in hiring since July, according to payroll processor ADP. The March hiring exceeded even the most optimistic forecasts. The median forecast was for 155,000 jobs,
The ADP report said private payrolls grew by 164,000 workers last month, the biggest rise since August.
Businesses added just 103,000 workers to their payrolls in November, the paycheck processor ADP said Wednesday.
Could demand for labor in the U.S. finally be cooling?
Private sector payrolls grew by 324,000 in July, led by a huge jump in jobs at hotels, bars, and restaurants, payroll processor ADP said.
A second consecutive month of strong job growth. What will Friday’s nonfarm payrolls bring?
This is not the sort of jobs report you would expect if the economy was teetering on the edge of a recession.