Here’s what to expect from Friday’s jobs report
ADP’s National Employment Report, produced in a collaboration with the Stanford Digital Economy Lab, showed that the private sector added 497,000 jobs last month, far exceeding economists’ expectations for 228,000 jobs and ADP’s May total of 267,000 hires. While ADP’s tabulations don’t always correlate with the official federal jobs report, set to be released at 8:30 a.m. ET Friday, it’s sometimes viewed as a proxy for overall hiring activity.
was released 90 minutes thereafter. Consensus estimates for ADP’s report were for 228,000 net job gains in the private sector during June, according to Refinitiv estimates, which have an even wilder range of 95,000 to 334,000 jobs. The actual tally for June of 497,000 jobs added, however, blew those estimates out of the water. The bulk of the gains came from service industries, specifically leisure and hospitality businesses, according to ADP.
, May job openings fell to 9.82 million, dropping from an upwardly revised 10.3 million in April, according to the BLS. The May data showed that the number of new hires rose to 6.21 million from 6.1 million, quits jumped up to 4.02 million from 3.77 million and layoffs dipped to 1.56 million from 1.59 million. Job cuts dip in June Weekly jobless claims increased to 248,000 for the week ended July 1, the Department of Labor reported Thursday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A Piece of Work: The Summer FridaysJust how early can you cut out of work? In our new comic strip, company policies are…open to interpretation.
Lire la suite »
9th annual Careathon presented by Duval Asphalt is FridaySince 2015, more than $1.7 million has been raised through Careathon.
Lire la suite »
Victor Wembanyama set to make NBA debut Friday during Las Vegas Summer League gameFriday's game also will feature the NBA's No. 2 overall pick, Brandon Miller. SanAntonio SATX SanAntonioTX Spurs SanAntonioSpurs Wemby VictorWembanyama
Lire la suite »
South Korea to issue assessment of Japan's Fukushima discharge plan on FridaySouth Korea will announce on Friday its own assessment of Japan's plan to release treated radioactive water from the tsunami-wrecked Fukushima plant into the ocean, a senior government official said.
Lire la suite »
Last month was the planet's hottest June on record by a huge margin | CNNJune was the hottest such month on record for the planet by a “substantial margin,” the EU’s Copernicus Climate Change Service reported Thursday.
Lire la suite »
Payrolls report Friday likely to show a jobs market that is still hotThe consensus estimate is that payrolls rose by another 240,000 in June and the unemployment rate is projected to nudge lower to 3.6%.
Lire la suite »