FOREX TradingCharts.com

Financial News: U.S. Private Sector Employment Jumps More Than Expected

U.S. Private Sector Employment Jumps More Than Expected In October

11/02/2022 - 08:28:00 (RTTNews)

(RTTNews) - Private sector employment in the U.S. increased by more than expected in the month of October, according to a report released by payroll processor ADP on Wednesday.

ADP said private sector employment jumped by 239,000 jobs in October after climbing by a downwardly revised 192,000 jobs in September.

Economists had expected private sector employment to advance by 195,000 jobs compared to the addition of 208,000 jobs originally reported for the previous month.

"This is a really strong number given the maturity of the economic recovery but the hiring was not broadbased," said ADP chief economist Nela Richardson. "Goods producers, which are sensitive to interest rates, are pulling back, and job changers are commanding smaller pay gains."

She added, "While we're seeing early signs of Fed-driven demand destruction, it's affecting only certain sectors of the labor market."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Czech Industrial Production Growth Eases; Trade Deficit Widens (06 min(s), 52 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the slowest pace in three m ...Full Story»

Luxembourg GDP Growth Improves; Inflation At 10-Month Low (50 min(s), 52 sec(s) ago)
(RTTNews) - Luxembourg's economy expanded at an accelerated pace in the third quarter, while c ...Full Story»

U.S. Labor Productivity Climbs More Than Previously Estimated In Q3 (01 hr(s), 0 min(s),52 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Wednesday showed U.S. labor productiv ...Full Story»

Greek Economy Shrinks For First Time In 2 Years On Energy Subsidies (01 hr(s), 35 min(s), 52 sec(s) ago)
(RTTNews) - Greece's economy turned to contraction for the first time since the third quarter ...Full Story»

Eurozone Q3 GDP Growth Revised Up To 0.3% On Household Spending, Investment (01 hr(s), 48 min(s), 52 sec(s) ago)
(RTTNews) - The euro area economy posted a better-than-initially estimated growth in the third qua ...Full Story»

Finland Trade Deficit Widens In October (02 hr(s), 29 min(s), 52 sec(s) ago)
(RTTNews) - Finland's trade deficit widened in October as the increase in imports exceeded the ...Full Story»

Reserve Bank Of India Slows Rate Hikes On Weaker Growth Outlook (02 hr(s), 45 min(s), 52 sec(s) ago)
(RTTNews) - India's central bank raised its benchmark interest rates for the fifth policy meet ...Full Story»

Taiwan Exports Fall Most In Nearly 7 Years (02 hr(s), 51 min(s), 52 sec(s) ago)
(RTTNews) - Taiwan's exports declined for the third straight month in November, and at the fas ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Czech Industrial Production Growth Eases; Trade Deficit Widens

12/07/2022 - 09:30 AM (RTTNews)
(RTTNews) - The Czech Republic's industrial production expanded at the slowest pace in three m ...Full Story>>

Luxembourg GDP Growth Improves; Inflation At 10-Month Low

12/07/2022 - 08:46 AM (RTTNews)
(RTTNews) - Luxembourg's economy expanded at an accelerated pace in the third quarter, while c ...Full Story>>

U.S. Labor Productivity Climbs More Than Previously Estimated In Q3

12/07/2022 - 08:36 AM (RTTNews)
(RTTNews) - Revised data released by the Labor Department on Wednesday showed U.S. labor productiv ...Full Story>>

Greek Economy Shrinks For First Time In 2 Years On Energy Subsidies

12/07/2022 - 08:01 AM (RTTNews)
(RTTNews) - Greece's economy turned to contraction for the first time since the third quarter ...Full Story>>

Eurozone Q3 GDP Growth Revised Up To 0.3% On Household Spending, Investment

12/07/2022 - 07:48 AM (RTTNews)
(RTTNews) - The euro area economy posted a better-than-initially estimated growth in the third qua ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.