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 […]

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 […]