Though the private payrolls gain shown in the ADP National Employment Report on Wednesday was slightly below economists’ expectations, the jump in hiring aligned with a recent improvement in labor market conditions. The broad-based increase was led by the leisure and hospitality industry.
Private payrolls surged by 517,000 jobs this month after rising 176,000 in February. Economists polled by Reuters had forecast private payrolls increasing by 550,000 jobs in March. Stocks on Wall Street were higher. The dollar slipped against a basket of currencies. U.S. Treasury prices fell. Economists are hopeful that the labor market has turned the corner after shedding 306,000 jobs in December. The relief package passed this month is sending additional $1,400 checks to qualified households and extending the government safety net for the unemployed through Sept. 6.
Employment is 9.5 million jobs below its peak in February 2020. While the labor market is regaining its footing, the housing market appears to be stumbling as surging prices amid tight supply and rising mortgage rates reduce affordability. The supply of existing homes is at a record low. The 30-year fixed-rate mortgage has risen to a nine-month high of 3.17%, according to data from mortgage finance agency Freddie Mac. Mortgage rates have increased since February.
Did you blur the needle for privacy, logos, or to diminish the negative sentiment of getting a 💉?
Libraries and unemployment resource facilities are closed which limits access to computer assessment tests that most large companies require before hiring.
Which is exactly what everyone was telling Trump what needed to happen a year ago! Instead he spent the year fighting simple mitigation efforts, caused superspreaders and created a hate group coalition.
certainly not in manufacturing seeing the trade deficit continually rise
Where is this surge of jobs if the new unemployment numbers are over 700k each week for like the passed 44+ weeks?
nice
multiple surges detected