403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
ADP Data Shows Sharp Reversal In Hiring Just Weeks Before Key Fed Meeting
(MENAFN- AsiaNet News)
U.S. companies cut 13,500 jobs per week on average over four weeks ending November 8, adding to concerns of labor market weakness.
The data, released as part of a preliminary estimate in ADP's National Employment Report, shows a reversal in hiring trends over the past week. According to last week's ADP NER report, U.S. companies added 2,500 jobs per week over four weeks ending November 1.
The latest report comes weeks before the Federal Reserve is set to decide on its monetary policy direction and take a call on whether a rate cut in December is needed.
Get updates to this story developing directly on Stocktwits.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment