The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat. So said human resources (HR) and payroll solution provider ADP in the August ADP National Employment Report released Thursday (Sept....
As consumers look at their economic prospects, they are torn between factors pulling them in different directions, feeling relatively confident about the job market but remaining deeply concerned about rising prices. Confidence Ekes Upward The Conference Board Consumer Confidence Index rose modestly in July, signaling...
The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15 was 1,839,000, which was 18,000 higher than the previous week’s revised figure of 1,821,000, the Department of Labor (DOL) said...
America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling wage growth does not threaten to compound inflation. “The labor market has become a little less hot, a little bit more...
October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]
May 26, 2023
Today’s restaurants are challenged to be more productive than ever, and to meet those challenges, they need smarter workforce management solutions. In a conversation with PYMNTS’ Karen Webster, Tony Smith, co-founder...
October 03, 2022
A strong labor market is a hallmark of a healthy economy. Consumers who are gainfully employed have more freedom to spend and spree, driving commerce and boosting gross domestic product...
April 08, 2019
Good waiters are hard to find. According to the Bureau of Labor Statistics, they are even harder to keep, as the restaurant worker turnover rate is 73 percent every single year. This was...
September 05, 2024
The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat. So said human resources (HR) and payroll solution provider ADP in the August ADP National Employment Report released Thursday (Sept. 5). “The job market’s downward drift brought us to slower-than-normal […]
June 27, 2024
The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15 was 1,839,000, which was 18,000...
June 13, 2024
America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling wage growth does not threaten to...
June 05, 2024
Job creation in the U.S. is demonstrating signs of slowing as wages remain flat. That’s according to the monthly report on private sector employment released Wednesday (June 5) by ADP....
