U.S. Private Sector Employment Climbs Less Than Expected In May
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May.
ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April.
Economists had expected private sector employment to increase by 173,000 jobs compared to the addition of 192,000 jobs originally reported for the previous month.
"Job gains and pay growth are slowing going into the second half of the year," said ADP chief economist Nela Richardson. "The labor market is solid, but we're monitoring notable pockets of weakness tied to both producers and consumers."
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After surging during Wednesday's trading, the value of the U.S. dollar has shown a notable move back to the downside during trading on Thursday.
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Fed Lowers Interest Rates By Quarter Point, Attentive To Risks To Both Sides Of Dual Mandate
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U.S. Weekly Jobless Claims Rebound Modestly From Five-Month Low
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U.S. Labor Productivity Surges Slightly Less Than Expected In Q3
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected.
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U.S. Weekly Jobless Claims Inch Up To 221,000
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd.
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U.S. Services Index Unexpectedly Climbs To Two-Year High In October
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