US Private Sector Hiring Surges In May

Private US companies hired at a blistering pace in May, accelerating from the pause in April back to the trend of the past six months, payroll firm ADP reported Thursday. With only two sectors showing declines, nonfarm private employment surged 253,000 in May, nearly identical to the gain in March. That far surpassed the consensus … Read more

US Private Sector Hiring Slows In April

Private US companies hired at a slightly slower pace in April, with new employment nearly entirely in the services sector, payroll firm ADP reported Wednesday. Nonfarm private employment rose 177,000, below the 255,000 increase in March, and the lowest increase since October, although the result was slightly better than the consensus forecast. The report, which … Read more

US Private Sector Hiring Slows In April

Private US companies hired at a slightly slower pace in April, with new employment nearly entirely in the services sector, payroll firm ADP reported Wednesday. Nonfarm private employment rose 177,000, below the 255,000 increase in March, and the lowest increase since October, although the result was slightly better than the consensus forecast. The report, which … Read more

U.S. Companies Added 263K Jobs In March

The pace of hiring by the US private sector edged upwards in March, with employers adding more than a quarter of a million jobs, according to the payroll firm ADP. The survey, covering nearly 24 million workers, showed that small, medium and large businesses added 263,000 new jobs, up 7.3 per cent from February’s 245,000, … Read more

US Private Sector Hiring Edges Up In March

The pace of hiring by the US private sector edged upwards in March, with employers adding more than a quarter of a million jobs, according to the payrolls firm ADP. The survey, covering nearly 24 million workers, showed that small, medium and large businesses added 263,000 new jobs, up 7.3 percent from February’s 245,000, which … Read more

US Private Jobs See Biggest Surge In Six Years

US private-sector hiring surged in February, posting the biggest increase in nearly six years and far outstripping expectations, with big gains in small and medium businesses, payroll services firm ADP reported Wednesday. Private payrolls increased an eye-popping 298,000 in the month, beating the consensus forecast for a 180,000 rise, and outpacing the 246,000 increase in … Read more

U.S. Jobless Claims Near 44-Year Low; Rate Hike Expected This Month

The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter. The stronger labor market and rising inflation could push the Federal Reserve to raise interest rates this month. … Read more

Ghanaian Banks Face High Asset Risks, Despite Solid Capital Buffers

High asset risks pose the biggest challenges for banks in Ghana, says Moody’s Investors Service in a report published today. “We expect asset risk for banks in Ghana to remain high over the coming quarters,” says Akintunde Majekodunmi, Vice President and Senior Analyst at Moody’s. “Nonperforming loans rose to 17.4% of total lending in December … Read more

U.S. November Payrolls Seen Strong, To Cement Rate Hike Views

U. S. employers likely boosted hiring in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls probably increased by 175,000 jobs last month after rising by 161,000 in October, according to a Reuters survey of economists. The Labor Department will … Read more