A national employment report conducted by Automatic Data Processing (ADP) shows the U.S. private sector shed 20,000 jobs in February, which is the lowest number since 22,000 jobs were added in January of 2008. Additionally, the number of layoffs fell to its lowest level since 2006. Conducting the study with ADP was Macroeconomic Advisers, an economic-consulting [...]
Continue reading...Wednesday, February 3, 2010
On Wednesday ADP released their National Employment Report. Midsize businesses hired 9,000 new employees last month. That is the first increase in employment for businesses with 50 to 499 employees in two years. Overall the economy lost 22,000 jobs between December and January, but it is the smallest loss since February 2008. The ADP report [...]
Continue reading...Wednesday, January 6, 2010
Payroll specialist ADP’s latest report shows 84,000 private sector jobs lost in December. While still higher than anticipated – economists were expecting the figure to be closer to 73,000 – it’s a vast improvement over November when the private sector shed 145,000 jobs. The good news is that the services industry added 12,000 [...]
Continue reading...Wednesday, December 2, 2009
Payroll services company ADP released its monthly report today and said that the private sector cut another 169,000 jobs in November. This is down from 195,000 in October and marks the eighth straight month that job cuts have fallen. Analysts are predicting net job growth starting in February and a return to “full [...]
Continue reading...Wednesday, September 30, 2009
This is one of those good news/bad news situations. The good news is that few jobs were cut in the last month than any month since July of last year. The bad news is that 254,000 jobs were still lost, according to a report just issued by payroll firm ADP. At the [...]
Continue reading...Wednesday, July 1, 2009
ADP Employer Services says US private sector employers cut 473,000 jobs in June, more than the 395,000 previously forecast. Manufacturing and construction lost 250,000 workers; service providers cut 223,000. The US Labor Department report on unemployment is due out tomorrow. Roseland, New Jersey’s Automatic Data Processing provides payroll and human-resources services to about one in every six US [...]
Continue reading...Wednesday, June 3, 2009
Payroll firm Automatic Data Processing reports that the nation lost 532,000 private sector jobs in May. This is lower than the 550,000 forecast by economists. The US Bureau of Labor Statistics will publish its May results on Friday. The May unemployment rate is expected to rise to 9.2%. The ADP report said large businesses, those with 500 [...]
Continue reading...Tuesday, March 3, 2009
The Northern Kentucky Tri-County Economic Development Corporation, or Tri-ED, helped create 3,918 jobs due to its efforts in 2008. An economic impact analysis prepared by Northern Kentucky University’s Center for Economic Analysis and Development noted that expansions and new businesses are expected to create 1,829 primary jobs and 1,566 indirect jobs, for a total impact of [...]
Continue reading...Wednesday, February 4, 2009
US private-sector companies shed 522,000 jobs in January, according to the ADP employment index. The index, compiled from anonymous payroll data, showed that goods-producing industries lost 243,000 jobs, while service-producing industries lost 279,000 jobs. Large firms cut 92,000 jobs, medium-sized firms shed 255,000 jobs and small firms reduced their payrolls by 175,000 jobs. Adding in some 10,000 government [...]
Continue reading...Friday, January 9, 2009
The US private sector lost 693,000 jobs in December with small businesses, construction firms and manufacturers cutting payrolls, according to the ADP National Employment Report. The payroll firm said small businesses cut 281,000 jobs from their employment ranks, construction firms chopped 102,000 jobs and manufacturers eliminated 120,000 jobs. The US economy is in recession with the housing, [...]
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Wednesday, March 3, 2010
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