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The Latest Breaking News from Nela Richardson

The labor market is finally stabilizing, but there's a catch

It's a welcome development in an economy rocked by trade uncertainty, geopolitical shocks, and technological advancements.

Axios

Job hopping isn’t really worth it anymore, finds new data from ADP—unless you’re a miner or builder

In some roles, it actually pays to stick with the same employer: In leisure and hospitality and IT, workers who stayed in their roles actually saw their salaries fare better than those who left.

Fortune

For jobless Gen Z, production and healthcare sectors are the place to be says ADP's top economist, as blue-collar hiring outstrips office jobs

ADP's jobs report delivered a sucker-punch to Gen Z grads this week: While hiring is up across private payrolls according to December data, it was offset by a significant drop in professional and business services.

Fortune

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‘We have not seen this rosy picture,’ says ADP’s chief economist, who warns real economy will look pretty different from Wall Street’s bullish outlook

“We’re tracking changes in real time—it’s as high-frequency as payroll data [can] get, and we have not seen this rosy picture for 2026 in the data,” ADP’s Nela Richardson says.

Fortune

The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November

That’s the most since 2020—but then you have to go back to 2009 to find when companies let so many workers go.

Fortune

Main Street bust threatens the entire economy

The economic fortunes of mom-and-pop businesses are diverging from their larger counterparts.

Axios

Labor Market Flashes Red Signal—And The Last Time This Happened It Didn't End Well

The U.S. labor market is flashing a rare warning sign after private sector payrolls fell in June for the first time in over two years, raising concerns about the economy’s health and increasing bets on Federal Reserve interest rate cuts.

Benzinga

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Payrolls Grew More Than Expected In January: ADP Jobs Report

Private sector employment surged by 183,000 in January, exceeding economists' forecasts and signaling a strong labor market.

International Business Times

All Eyes On Final Jobs Report For 2024: What To Expect In 2025

The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.

International Business Times

Millennials and Gen Z are least likely to care about being happy in their job

A survey of 35,000 workers found more one in four 24-to-34-year-olds cared about their day-to-day happiness, compared with more than half of baby boomers.

Fortune

Millennials and Gen Z are least likely to care about being happy in their job

A survey of 35,000 workers found more one in four 24-34-year-olds cared about their day-to-day happiness, compared with more than half of baby boomers.

Fortune

Is the US job market beginning to weaken? Friday's employment report may provide hints

Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing

The Independent UK

US Private Sector Hiring Picks Up Again In March

US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase.

International Business Times

US adds 275,000 jobs in February as labor market continues to grow

Layoffs climb sharply with last month’s rate the highest of any February since 2009 but expert says ‘job gains remain solid’

The Guardian - US

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International Business Times

US Private Sector Job Gains Slow In January As Labor Market Cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

International Business Times

US Private Sector Hiring Up More Than Expected In December

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.

Chicago Sun-Times

Illinois workers at private companies saw pay jump in December, report says

The state was on par with nationwide trends, where wage growth for “job-stayers” increased 5.4%, and the state’s median salary was just shy of the national median salary of $58,700.

Fortune

Why ‘I quit’ comes soon after ‘you’re promoted’—and companies keep bungling the career advancement process

New research shows that three out of 10 workers who got bigger roles at work wound up leaving within a month. The same wasn’t true for people who stayed in their old roles.

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The Guardian - UK

Bank of England’s Ramsden warns inflation ‘remains much too high’ after falling to 7.9% in June - as it happened

FTSE 100 jumps and gilt yields tumble after larger-than-expected drop in UK inflation last month

The Independent UK

Know any airplane mechanics? A wave of retirements is leaving some US industries desperate to hire

Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since

WEKU

The job market slowed last month, but it's still too hot to ease inflation fears

U.S. employers added 311,000 jobs in February, only a modest slowdown from the previous month, indicating the labor market remains hot. The unemployment rate rose to 3.6% from 3.4% in January.

Fortune

Small and medium companies are still battling for talent amid cooling job market

ADP’s most recent employment report paints the picture of a fragmented labor market.

The Guardian - US

US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

WEKU

Stocks sink despite Friday's report that hiring cooled in September

A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%

Tribune News Service

Jobs report shows supply returning even as Fed focuses on demand

The August U.S. jobs report contained hints of a long-awaited increase in labor supply. The big question for the central bank is whether that can continue even as it attempts to engineer an economic slowdown.

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