Small companies reduced hiring in April, adding 61000 jobs

A job seeker holds a
A job seeker holds a"We're Hiring card while talking to a representative from Target at a City of Boston Neighborhood Career Fair on May D
Author

04 May, 2017

But mere days after the April 5 ADP release, Washington's official non-farm payrolls account showed the US economy created just 98,000 new positions for the month.

Mark Zandi, chief economist of Moody?s Analytics, said job growth slowed in April due to a pullback in construction and retail jobs, which continue their retreat.

"What was a surprise is that the ADP only revised its own estimate of the gain in March down trivially from 263,000 to 255,000, leaving it still a long way from the official out-turn". That contrasted with the Bureau of Labor Statistics' jobs report, which showed the economy added 98,000 jobs.

The figures for April come after the government reported a sharp slowdown in consumer spending in the first three months of 2017 as the economy stumbled to its worst overall quarterly growth in two years.

This report suggests Friday's non-farm payrolls report, released by the government, could alsocome in close to expectations. It often diverges from federal data.

Ubisoft Looks To Be Teasing A New Far Cry Game
Update: Ubisoft has told Game Informer that this was simply a "throwback post", and that it wasn't meant as a tease. Keeping that in mind, it's most likely a new game in the series, whose last mainline entry was Far Cry 4.


Nintendo Randomly Reveals New 2DS XL, Coming This Summer
Nintendo also said that the upcoming 2DS XL will come with a built-in amiibo reader that can be found on the lower screen. The new handheld is exactly same as the 3DS but without the 3D feature and a fair bit cheaper.


Why Ford Earnings Tumbled 35%
Of Ford's profitable regions (it lost money in South America and Africa), North America had the biggest decline in profitability. In Asia, Ford said it earned a pretax profit of $US124 million compared with $US220 million for the same period previous year .


The Roseland-based payroll and human resources company said overall USA nonfarm private employment grew at a slower pace than in the first quarter of the year.

Professional/business services added 72,000 jobs, trade/transportation/utilities added 5,000 jobs and financial activities added 2,000 jobs. The softness in construction is continued payback from outsized growth during the mild winter.

As far as the sector is concerned, service providing added 165,000 while goods producing could add 12,000 jobs. "Looking across company sizes, midsized businesses showed persistent growth for the past six months".

"Brick-and-mortar retailers cut jobs in response to withering competition from online merchants". That report will likely show that employers added 185,000 jobs in April, and the unemployment rate rose to 4.6 percent from 4.5 percent, economists predict.

The unemployment rate is forecast to tick up to 4.6 percent from the 4.5 percent recorded a month earlier.


More news


  • At 100 days in, Trump seems both outsider and insider

    At 100 days in, Trump seems both outsider and insider

    Some of Trump's harshest critics on his 100th day have been the USA media organisations, and they had plenty to say about him. But that could change after Australian Prime Minister Malcolm Turnbull jets to NY to meet with Mr Trump on Thursday.
    Barry Hearn says his door is always open to Ronnie O'Sullivan

    Barry Hearn says his door is always open to Ronnie O'Sullivan

    I don't have a good record against Ronnie. "I have had the best year of my life and not been winning many tournaments", he said. I did not know that the score was enough until the crowd started clapping.
    The Herd sends five relays to the historic Penn Relays

    The Herd sends five relays to the historic Penn Relays

    Greg Vann , Jackson Webb , Trae Armstrong and Bennie Wesley advanced in the 4x100-meter relay with their time of 40.45. Shikellamy also clocked a season-best 4:11.89 in the girls' 1,600 relay, finishing sixth in its heat.
  • Gareth Southgate watches Jack Butland protect Stoke goal from Hammers

    Gareth Southgate watches Jack Butland protect Stoke goal from Hammers

    The visitors will again be without Andy Carroll , as the striker continues to struggle with a groin injury. West Ham manager Slaven Bilic talked up Daniel Sturridge as the forward seemingly nears a Liverpool exit.
    Check Your Bank Statements If You Recently Bought From Chipotle

    Check Your Bank Statements If You Recently Bought From Chipotle

    We recently detected unauthorized activity on the network that supports payment processing for purchases made in our restaurants. The statement said: "Consistent with good practices, consumers should closely monitor their payment card statements".

    'Leaked' iPhone 8 schematic reveals mysterious circle on back

    Apple's new system would use electromagnetic frequencies at the higher range, which are usually reserved for data transmission. The problem? Apple has never mentioned the integration of such a system in its iPhone 8, or even in another device.
  • Garrett 1st to Browns, Bears trade up for QB Trubisky

    He is a guy that has all the tools to be a solid National Football League quarterback, but he will certainly need time to develop. The Browns needed a quarterback, and by holding the No. 12 pick they could have tried to move back up to select him.
    Tim Williams Selected #78 Overall By Ravens

    Tim Williams Selected #78 Overall By Ravens

    Veteran outside linebacker Terrell Suggs is the only player now on Baltimore's roster to record at least four sacks in 2015. It was to announce a draft pick , as if he were National Football League commissioner Roger Goodell.
    Goodyear (GT) Q1 Earnings and Sales Beat Estimates

    Goodyear (GT) Q1 Earnings and Sales Beat Estimates

    The company also released its Europe, Middle East, and Africa segment earnings , as well as its Asia Pacific segment earnings . Moreover, Blackrock Institutional Na has 0.03% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 7.45 million shares.
  • What Bill O'Reilly should have learned from looking in a mirror

    What Bill O'Reilly should have learned from looking in a mirror

    Ailes has repeatedly denied all claims against him, and eventually left the network with a reported payout of around $40 million . And the preference, according to two sources familiar with the Murdochs' thinking, is that the new leader be female.
    Damascus explosion: large blast, fire at airport reflect Israel policy

    Damascus explosion: large blast, fire at airport reflect Israel policy

    Israel has in the past targeted Hezbollah positions inside Syria where Iranian backed groups are heavily involved in the fighting. Israel's Prime Minister Benjamin Netanyahu last April confirmed that his country had struck Syria "dozens of times".
    Sawmill Fire Grows to 18000 Acres, Windy Conditions Ground Air Tankers

    Sawmill Fire Grows to 18000 Acres, Windy Conditions Ground Air Tankers

    No injury or structure damage has been reported from the fire but hundreds of homes remain under pre-evacuation notices. The higher level teams have more personnel and more experience in fighting large and complex fires, he said.