PYMNTS-MonitorEdge-May-2024

employment

Employment is a relationship between two parties, usually based on contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

Source: en.wikipedia.org

ADP Finds ‘Steepening’ Decline in Job Growth as Wages Dip
ADP Finds ‘Steepening’ Decline in Job Growth as Wages Dip
October 04, 2023  |  Economy

Private employers added 89,000 jobs last month, the slowest growth rate since early 2021. That’s according to the monthly employment report released Wednesday (Oct. 4) by ADP, which...

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Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023  |  Economy

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept. 13), elevates the...

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Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
August 30, 2023  |  Economy

American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private...

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Report: Payroll Revision Could Make 500,000 Jobs Vanish
Report: Payroll Revision Could Make 500,000 Jobs Vanish
August 22, 2023  |  Economy

America’s strong labor market might be somewhat weaker than anticipated. As Bloomberg News reported Tuesday (Aug. 22), government data released this week logging payroll growth for the...

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Half of Zillennials Steer Clear of Gig Work
Half of Zillennials Steer Clear of Gig Work
August 14, 2023  |  Consumer Insights

Among younger generations, zillennials prove uniquely hesitant to engage with the connected economy when it comes to work. For PYMNTS’ study “The ConnectedEconomy™ Monthly Series:...

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Report: US Labor Market Remains Strong as Wage Growth Slows
Report: US Labor Market Remains Strong as Wage Growth Slows
August 02, 2023  |  Economy

American companies added 324,000 jobs last month, while wage growth slowed. That’s according to data published Wednesday (Aug. 2) by the ADP Research Institute. The bulk of the...

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Small Businesses Slow Hiring Amid Uncertain Consumer Demand
Small Businesses Slow Hiring Amid Uncertain Consumer Demand
April 05, 2023  |  Economy

Main Street businesses are pulling back on hiring. Preparing, perhaps, for the impact of a pullback in consumer spending that’s already in motion. The logic...

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Report: Generative AI Could Automate 25% of US Jobs
Report: Generative AI Could Automate 25% of US Jobs
March 28, 2023  |  Artificial Intelligence

Advances in artificial intelligence (AI) could eventually impact 300 million jobs worldwide. That’s according to new research released Monday (Mar. 27)  by Goldman Sachs, which...

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US Adds 311,000 Jobs in February, Lagging Behind Six-Month Average
US Adds 311,000 Jobs in February, Lagging Behind Six-Month Average
March 10, 2023  |  Economy

Job growth continued but slowed as the U.S. added 311,000 jobs in February. That gain was lower than the revised 504,000 added jobs reported for...

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