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Business, Economy

“US payrolls plunge 701,000 in March amid the start of a job market collapse”

“Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close… Continue Reading…

Economy

“Trump to fight coronavirus economic impact with payroll tax cut proposal and other programs”

“President Trump and his coronavirus task force spoke to the nation again Monday night and spoke of  “major” and “very dramatic” economic plans as a result of the coronavirus outbreak. Trump said he would go to Capitol Hill on Tuesday and ask for Congress to approve a… Continue Reading…

Economy

“Private payrolls up 183,000 as hiring shows no signs of coronavirus scare”

“U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated. Employment excluding government jobs rose by 183,000 for the month, according to a report Wednesday from… Continue Reading…

Economy

“Private payrolls soar in January, the best monthly gain in nearly 5 years”

“The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from… Continue Reading…

Economy

“…U.S. payrolls jump by 266,000, smashing expectations”

“The U.S. economy added far more jobs than expected in November and the joblessness rate edged down to a 50-year low, as the domestic labor market continued to fire on all cylinders. Change in non-farm payrolls: +266,000 vs. +180,000 expected and +156,000 in… Continue Reading…

Economy

Jobs: August U.S. payrolls 130,000 – Low Supply Of Workers?

“Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday… Wage growth remained solid, with average hourly earnings… Continue Reading…

Business, Economy

“Private payrolls surge by 275,000 in April, blowing past estimates in biggest gain since July”

…Services-providing jobs increased by 223,000 in April, led by a gain of 59,000 positions in professional and business services. Education and health services companies added 54,000 jobs while employment within the leisure and hospitality industry expanded by 53,000. Goods-producing jobs… Continue Reading…