The Latest Breaking News from Nela Richardson

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

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.

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.

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

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

Washington (AFP) - US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well.

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.

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

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