Economists expected a gain of 600,000 payrolls. The June reading is the sixth straight month to show job growth, albeit a slowdown from May gains.
The median estimate was for a 650,000 gain. The reading marks five straight months of job additions and is the largest one-month jump since June 2020.
Economists had expected roughly 873,000 new jobs. The reading marks a fourth straight increase and places payrolls at their highest since March 2020.
The jump in private-sector jobs comes in below the median estimate of 550,000 and marks a third straight monthly gain.
Last month's increase of 117,000 payrolls comes in above the median economist estimate of 200,000 jobs and January's revised total of 195,000.
The US gained 174,000 private payrolls in January, according to ADP’s monthly employment report. The data follows a revised 78,000-payroll contraction in January and lands above the 70,000 estimate. ADP’s report comes two days before the Bureau of Labour Statistics publishes nonfarm payrolls data. Visit the Business section of Insider […]
The US added 307,000 private payrolls in November, according to ADP’s monthly employment report. The reading lands below the median economist estimate of 440,000 payrolls, according to Bloomberg data. The report precedes the US Bureau of Labour Statistics’ monthly nonfarm payrolls report set for Friday release. November data is expected […]
The US added 365,000 private payrolls in October, according to ADP’s monthly employment report. The reading falls well below the median economist estimate of 643,000 payrolls, according to Bloomberg data. The report precedes the US Bureau of Labour Statistics’ monthly nonfarm payrolls report set for Friday release. Visit Business Insider’s […]
US stocks climbed on Wednesday as investors digested a disorderly presidential debate and wavering hopes for a near-term stimulus deal. All three major US indexes climbed through the day on renewed hopes for a deal. Stocks pared some gains after Senate Majority Leader Mitch McConnell balked at Democrats’ latest proposal. […]
US stocks climbed on Wednesday as investors digested a disorderly presidential debate that revived concerns of a disputed election result. Premarket futures traded negative until Treasury Secretary Steven Mnuchin told CNBC that he expects to reach a stimulus deal with House Speaker Nancy Pelosi. All three major US indexes opened […]
The US added 749,000 private payrolls in August, according to ADP’s monthly employment report. The total beat the median economist estimate of 649,000 payrolls, according to estimates compiled by Bloomberg. The report precedes the US government’s nonfarm payrolls report slated for Friday release. Visit Business Insider’s homepage for more stories. […]
US private payrolls rose 167,000 in July, a Wednesday report from ADP showed. Economists had expected that private payrolls would rise by 1.2 million in July. The report is a precursor to the US government’s July nonfarm payrolls release, scheduled for Friday. Visit Business Insider’s homepage for more stories. US […]
The Paycheck Protection Program increased US employment by 1.4 million to 3.2 million from its inception to the first week of June, Federal Reserve and MIT researchers said in a study. Loans made through the program also lifted employment at eligible small businesses by 2% to 4.5%, the preliminary study […]
US private payrolls increased by 2.37 million in June as states reopened from coronavirus lockdowns earlier in the year, according to a Wednesday report by ADP. ADP also revised its May report from a loss of 2.76 million payrolls to a gain of 3.07 million payrolls in the month. Economists […]
US equities climbed on Wednesday as investors pointed to positive labour-market data as a new sign of smooth economic recovery. Major indexes gained after an ADP labour-market report said US private payrolls fell by 2.76 million in May, far below economists’ estimate of 9 million. Airline stocks jumped after the […]
US private payrolls sank by 2.76 million in May as coronavirus layoffs persisted, according to a Wednesday report by ADP. That’s a sharp decline from April’s record loss of 19.6 million jobs. It’s also much lower than expectations – economists forecast a decline of 9 million jobs. The sharpest declines […]
The number of US jobless claims last week totaled 3.2 million, the Labour Department said Thursday. The median economist estimate was for 3 million claims. That raises the seven-week total to more than 33 million. It’s the fifth straight week in which claims have declined, signalling the worst shock of […]