news 1 month ago

Company Hiring Continues to Slow, Hits Lowest Rate Since Summer

Wibbitz - News
Company Hiring Continues to Slow, Hits Lowest Rate Since Summer. Reports released by payroll company ADP reveal a November private payroll growth of 307,000 jobs. The number represents a decline of nearly 100,000 private payroll jobs from October's addition of 404,000. Job growth remained positive across all industries and sizes [...] While November saw employment gains, the pace continues to slow, Ahu Yildirmaz, ADP Research Institute, via CNBC. Wall Street economists had projected a November private payroll growth of at least 475,000 jobs. The November job gains are the smallest since July, when 216,000 private sector jobs were added to the economy. Hospitality jobs made the biggest impact, adding 95,000 in November. Health services and education also made significant additions, with 69,000 jobs that were mostly related to health service