Payroll processor ADP CEO says hiring data indicate the jobs market has begun to 'stabilize'

As the economy shed tens of millions of jobs since mid-March due to the coronavirus pandemic, the benchmark"I think what might be happening is [investors] may be already anticipating the worst may have been behind us" in slowing the spread of coronavirus, Rodriguez said in a "

About 4 million people sought jobless benefits in the Labor Department's most recent report, which was down from higher rates in prior weeks. A record 6.6 million individuals filed for benefits in back-to-back weeks earlier this month."This downturn is much worst than what we saw in the last two recessions, in terms of just magnitude and also the speed, but that doesn't' mean that it necessarily has to last as long," Rodriguez said.

There could be an uptick in hiring as states authorize nonessential businesses, such as barbershops, nail salons and dine-in restaurants, to resume operations. Government officials in Alaska, Georgia, South Carolina, Texas and Tennessee have begun easing restrictions on establishments.

caugh...Bullshit!

Really? That fast? I have my doubts.

What!!

I guess he didn't look at Floridaunemploymentbenefits?

Well that's a crock of shit. Way to use those journalism skills!

Stabilize at 2-3M lost per week.

Translation: go down less quickly

Being stupidly optimistic is worthless. Nothing has stabilized. NOTHING.

That’s positive news... Let the bounce-back begin!

Like hitting bottom of a deep well

Wait what about all the unemployment claims

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