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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.
New data from ADP released Thursday showed the private sector added its fewest jobs in a month since January 2021, signaling a cooling labor market. ... This marked the lowest number of job ...
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.
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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,...
The S&P 500 logged record closing and intraday highs, extending record-setting gains from a day earlier. The Dow added more than 100 points, or 0.4%, and also set a record high.
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.