Day: March 8, 2023


Private Sector Employment Increased by 242,000 Jobs in February

ADP News Release (03/08/23) Private sector employment increased by 242,000 jobs in February and annual pay was up 7.2% year-to-year, according to the February ADP National Employment Report. “There is a tradeoff in the labor market right now,” said Nela Richardson, chief economist, ADP. “We’re seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated. The modest

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Job Openings at 10.8 Million

Bloomberg (03/08/23) Saraiva, Augusta The number of job openings declined to 10.8 million in January from an upwardly revised 11.2 million a month earlier, according to the U.S. Department of Labor. The median estimate in a Bloomberg survey of economists called for 10.5 million openings. Hiring increased, while the level of layoffs rose to the highest level since December 2020. The quits rate dropped to

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