We just got another sign the job market may be slowing down

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The US private sector created far fewer jobs than expected in March, according to payroll processor ADP.

A worker walks between rolls of steel ahead of a tour by Republican presidential candidate and former Massachusetts Governor Mitt Romney of Gregory Industries during a campaign stop in Canton, Ohio March 5, 2012.Private employers added 129,000 payrolls last month, ADP said Wednesday, the slowest pace of job growth in 18 months.

The ADP National Employment Report showed on Wednesday that private employers added 129,000 payrolls last month, far below economist forecasts for an increase of 175,000 and the slowest pace in a year and a half. ADP's model incorporates prior official payroll data as well as information from firms which use its payroll processing services, so it's possible that noise and cold weather in February pulled last month's numbers down, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Payrolls post another disappointing month in March as job market keeps slowingJob growth hit an 18-month low in March amid increasing signs that the hiring boom may be running out of steam. Better deport more Hispanics so there are more jobs nobody wants. but Trump said everything is great .realDonaldTrump womp womp
Source: CNBC - 🏆 12. / 72 Read more »

IPO rush creating 'ominous sign' in tech market, $3.5 billion money manager warnsMayflower Advisors' Larry Glazer is discouraging investors from the tech space as more companies get ready to go public. IPO are utter Gambling. And IPO are also not available to the vast majority of people. Gobbled up by Funds and the Ubber rich.
Source: CNBC - 🏆 12. / 72 Read more »