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The ADP numbers showed surprising strength in private payrolls, but lower wage gains for job switchers — a key labor market thermometer that dogged the inflationary 2021 and 2022 years.
WASHINGTON (Reuters) - U.S. private payrolls increased at a moderate pace in November, while annual wages for workers staying in their jobs edged up for the first time in 25 months.
ADP's National Employment Report for August showed 99,000 jobs were added in the month, well below economists estimates for 145,000 and fewer than the 122,000 jobs added in July. The August data ...
In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [11] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
The earnings numbers have come in at a still strong annual reading of 4.4%, considerably higher than the 3.5% approximate level that is considered consistent with a 2% inflation target; and the ...
Private sector employment increased by 247,000 jobs in April, a significant decrease from the stunning revised 479,000 increase in March, driven mostly by small businesses struggling for wages,...
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It’s another busy day ahead on the economic calendar. Expect service and composite PMIs from the Eurozone and the U.S, and U.S labor market stats to be key.