Companies accelerate hiring, adding a robust 253,000 net new jobs [Los Angeles Times (CA)]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: Los Angeles Times
Companies accelerate hiring, adding a robust 253,000 net new jobs Companies accelerated their hiring last month, adding a robust 253,000 net new jobs in a sign the labor market remains healthy and the economy is strengthening after a weak winter. The private-sector job creation figures reported Thursday by payroll firm Automatic Data Processing far exceeded analyst expectations and was well above the downwardly revised 174,000 net new positions added in April. “Job growth is rip-roaring,” declared Mark Zandi, chief economist at Moody's Analytics, which assists ADP in preparing its report. He noted the job creation was nearly three times what was needed to absorb new entrants into the labor force and predicted that, “increasingly, businesses’ number one challenge will be a shortage of labor.” If that’s correct, wages should start to rise faster as the economic recovery from the Great Recession hits its eighth anniversary this month. The report is based on an analysis of ADP’s
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ADP
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- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website