Private employers added 119,000 jobs in April, well below economists' expectations in the latest piece of data to suggest the economy is encountering a soft patch.
U.S. service companies expanded in March at a slower pace, dragged down by less growth in new orders and weaker hiring, a new survey shows.
U.S. private employers added 158,000 jobs in March, falling short of analyst expectations, a report by ADP showed Wednesday.
Payroll processor ADP's monthly survey shows U.S. businesses added a solid number of jobs in February, indicating higher taxes and looming government spending cuts have yet to slow hiring.
More Americans sought unemployment benefits last week, though the winter holidays likely distorted the data for the second straight week. The Labor Department says weekly applications rose by 10,000 to a seasonally adjusted 372,000 in the week ended Dec. 29.
U.S. private employers added 162,000 jobs in September, topping economists' expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 143,000 jobs.
As the creation of new jobs slows and layoffs continue, small businesses keep hiring. ADP is betting those companies will continue to buck the trend. It's setting up new services to capitalize on that growth.
Private employers added a much-better-than-expected 217,000 jobs in February, ADP has reported. That's the fifth straight month of job gains in the private sector -- another sign that the U.S. labor market continues to slowly heal.
Private employers added 187,000 jobs in January, ADP announced Wednesday, 47,000 more then economists had predicted. That marks the fourth straight month of significant job gains -- a trend that suggests the U.S. labor market is recovering.
The all-important January employment reports come out this week. Also worth watching for are a host of earnings releases, led by economic bellwhether UPS. The package deliverer is expected to post strong results.
This week was all about jobs reports, and after December's employment numbers fell short of expectations, stocks ended the first week of trading in 2011 on a down note. Kenny Polcari, managing director at ICAP Corporates explains from the New York Stock Exchange.
ADP excludes government jobs. It's also notoriously volatile and has a history of big misses in forecasting the official Labor Department payroll report. But perhaps most important is that it just doesn't jibe with other recent data points -- or the recovery's pace.