April jobs report preview: Nonfarm payrolls decline, unemployment rises on coronavirus - Business Insider

Wednesday report by ADP Research Institute showed that private payrolls declined 20.2 million in AprilWhile Friday's report is not as current as the weekly jobless claims release, it will paint a more comprehensive picture of the labor market because it includes hirings and firings. Here are some of the top things economists will be looking for in Friday's report.

"If we measure the strength of the labor market as the share of the population with a job, we do not have to be concerned with most of the measurement issues associated with the unemployment rate, specifically whether would-be workers are actively looking for employment or not and therefore counted amongst the ranks of the unemployed,"They will also be watching the count of hours worked, which will indicate if people are having hours cut because of the coronavirus pandemic but have...

Wednesday's private sector report from ADP showed deep losses spread across multiple industries. Service-providing payrolls dropped by 16 million in April,

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK car sales fall 97% April because of COVID-19 pandemic - Business InsiderApril is shaping up to be the worst month in UK car sales in 74 years. Only 4,321 new cars were sold.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US companies eliminated a record 20.2 million jobs in April, ADP report says - Business Insider'Job losses for the month of April alone was more than double the total jobs lost during the Great Recession,' said Ahu Yildirmaz of ADP. much more in june-july!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Unemployment will surge to 15% on 22 million jobs lost in April: BofA - Business Insider'The April employment report will reveal unprecedented job losses as the economy has been shut down to control the spread of COVID-19,' said BofA. UBI is the only realistic way to address this. Here in Uganda,CEOs are donating to the National task force for food relief but cutting employees salary in back rooms to around 40% Mark55____ Economy’s doing fine!
Source: BusinessInsider - 🏆 729. / 51 Read more »