employment
Washington (AFP) - US job growth was markedly below analyst expectations in April while unemployment crept up, government data showed Friday, signaling that the labor market is cooling. But with the world's biggest economy adding 175,000 jobs last month according to the Department of Labor, hiring appears still resilient despite the lower reading than 315,000 in March. Analysts had expected growth of 250,000 jobs, according to Briefing.com. The jobless rate edged slightly higher from 3.8 percent in March to 3.9 percent last month. "The great American comeback continues," said US President Joe ...
AFP
Washington (AFP) - Hiring in the US private sector cooled in April but job growth was still higher than anticipated, boosted by the services sector, payroll firm ADP said Wednesday. Companies added 192,000 jobs last month, down slightly from a revised 208,000 in the month before, the report said. The labor market has shown resilience despite the US central bank's efforts to keep interest rates elevated and fight stubborn inflation. While higher rates raise the borrowing costs for consumers and businesses -- and can weigh on employment -- the jobs market has held up with employers reluctant to ...
AFP
Washington (AFP) - US hiring rose much more than expected last month, according to government data published Friday, increasing the chances that the Federal Reserve will remain on pause for longer as it weighs when to start cutting interest rates. The world's largest economy added 303,000 jobs in March, up from a revised 270,000 new jobs created a month earlier, the Department of Labor announced. The surge, coming seven months before the November election pitting President Joe Biden against former Republican president Donald Trump, was far above market expectations of an increase of 200,000, ...
AFP
Washington (AFP) - US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase. Private sector employment rose by 184,000 in March, ADP said in a statement. This was sharply above market predictions of 150,000 new jobs, according to Briefing.com. ADP also revised up the February jobs data, from 140,000 to 155,000. The hot jobs data will be well-received by the Biden administration as it seeks to talk up the president's economic record ahead of November's preside...
AFP
Los Angeles (AFP) - Fast food workers in California on Monday hailed a pay raise that takes their minimum wage to $20 an hour, even as firms warned of likely price increases in an already expensive state. Staff flipping burgers or filling burritos at large chain restaurants will now be guaranteed one of the highest base rates in the country. "It'll help me breathe a little easier in terms of paying my rent and even buying groceries," said Angelica Hernandez, who works at a McDonald's in Los Angeles. "In all of my 19 years working in this industry... maybe 25 cents would be the max (raise) that...
AFP
New York (AFP) - A new French cafe is hoping to break into New York's notoriously competitive food scene while also offering opportunity to people with mental and cognitive disabilities. Cafe Joyeux is an "inclusive" chain of restaurants staffed by workers with autism and Down syndrome that has made a mark in France and other European countries and is now targeting the Big Apple. The company's newest branch, Cafe Joyeux Lexington, has picked a cheery corner in the bustling Midtown business district for the company's American debut. Officially inaugurated on Thursday in parallel with World Dow...
AFP
Washington (AFP) - Hiring in the United States was robust in February although unemployment crept up, government data showed Friday, a potentially encouraging sign for policymakers hoping to cool the economy without tipping it into a downturn. Officials have been walking a fine line trying to bring down inflation by raising interest rates without causing a major blow to the economy. While analysts believed the United States could enter a recession last year, the economy has defied expectations and a surprisingly resilient labor market has helped to support growth. "The great American comeback ...
AFP
Washington (AFP) - Job gains in the US private sector picked up in February, payroll firm ADP said Wednesday, a sign that could give the Federal Reserve some pause as it mulls the timing of interest rate cuts. Private sector employment grew by 140,000 jobs last month, less than analysts expected although up from a revised 111,000 figure in January. "The labor market is dynamic, but doesn't tip the scales in terms of a Fed rate decision this year," said ADP chief economist Nela Richardson in a statement. She added that job gains remained "solid" and while salary increases were cooling, they are...
AFP
Washington (AFP) - The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a resilient jobs market likely good news for President Joe Biden in election year. The world's biggest economy added 353,000 jobs in January, after December's figure was significantly revised upwards to 333,000, said the Department of Labor. The unemployment rate held steady at 3.7 percent for a third straight month -- hovering under 4.0 percent for two years now -- even though analysts cautioned the report also contained signs of weakness. "It's great news f...
AFP
Washington (AFP) - Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation. In January, the United States added 107,000 jobs in the private sector, ADP said, down from a revised 158,000 in December. Most employment gains were in service-providing sectors including leisure and hospitality, as well as trade, transport and utilities. But other service industries such as information lost positions. "Progress on inflation has brightened the economic...
AFP
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