Private sector employment increased by 152,000 jobs in May and annual pay was up 5.0 percent year-over-year, according to the May ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The ADP National …
This week, we’re focused on the Equal Employment Opportunity Commission’s (EEOC’s) filing requirements for the EEO-1 Component 1 data. EEO-1 Filing After June 4: What Now, and How to Prepare for Next Year The EEOC requires private employers with 100 or more employees, as well as certain federal contractors, to submit EEO-1 reports annually. Yesterday, … Read more
Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market. The payroll processing firm said that companies added 152,000 jobs on the month, fewer than the downwardly revised 188,000 in April and below the Dow Jones consensus estimate for 175,000. This … Read more
ADP national employment report Prior month 192K revise to 188K National employment change for May xxxK vs 175K estimate Goods producing 3K vs 47K month Service providing 149K vs 145K last month Wages for job stayers 5% unchanged from prior month Wages for job changers -7.8% from 9.3% prior month. A lower number is indicative … Read more
Private sector employment in the US rose less than expected in May. US Dollar Index continues to fluctuate above 104.00. Private sector employment in the US rose by 152,000 in May and annual pay was up 5%, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 188,000 increase (revised from 192,000) recorded … Read more
Q: I am a general contractor looking to hire subcontractors and their employees to work on my construction site. Can I avoid the subcontractor’s employees being classified as employees for purposes of collective bargaining with my company under the National Labor Relations Act? A: Maybe, by using a “Cost-Plus” contract and with careful planning, a general contractor … Read more
The jobs market showed signs of a slowdown last month as the private sector added 152,000 jobs in May, while annual pay grew 5% year over year, payroll giant ADP reported Wednesday. The professional and business services sector, which includes accounting and tax preparation, lost 6,000 jobs last month. The manufacturing industry suffered even steeper … Read more
The pay gap between job stayers and job changers narrowed in May in the latest sign that the US labor market is cooling from a hot start to 2024. New data from ADP released Wednesday showed that the median year-over-year pay increase for job switchers fell to 7.8% in May, from a recent spike of … Read more
Markets The US 10-yr yield tested 4.31% support after a small miss in May ADP employment change. The US economy added 152k jobs (vs 175k expected) with April figures marginally downwardly revised to 188k (from 192k). The deviation wasn’t big enough to trigger a strong market reaction both because of the solid nature of the … Read more
Tuesday’s Kings County Board of Supervisors meeting quickly took care of business as the board took action on two items that could create an increase in employment for a couple of the county’s departments. The first approved item concerned the county’s District Attorney’s office, a department that has worked hard to steadily increase its staffing … Read more