Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector … Continue reading
Private-sector employment growth slowed in October, as firms adding the fewest jobs in six months and Washington’s partisan bickering over spending hit the labor market, payrolls processing firm Automatic Data Processing Inc. reported Wednesday. Private employers added 130,000 jobs this month — the fewest since April — down from 145,000 in September, according to ADP. … Continue reading
The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said. An analysis of daily and weekly economic data through Oct. 12 showed weakness in such areas as retail sales, economic confidence and mortgage applications, some of … Continue reading
Thousands of federal employees who received unemployment compensation while on furlough will have to return the payments Continue reading
Nearly 34,000 federal workers applied for unemployment benefits in the first week of the shutdown, according to government agencies Continue reading
They call it a “government shutdown.” But of about 4.1 million people who work for the federal government, about 80% will still be expected to show up for work. We still dont have an exact number of federal employees who wont be working in a shutdown, but most press reports have been pegging the number … Continue reading