• Private employers axed 20.2 million Americans in April

    Private employers axed 20.2 million Americans in April

    US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month. The plunge in private payrolls shown in the ADP National Employment Report on Wednesday suggested that national …
  • March loss of 27K private jobs likely signals end of employment boom

    March loss of 27K private jobs likely signals end of employment boom

    US private payrolls dropped in March for the first time in 2 1/2 years, likely as businesses shut down in compliance with strict measures to contain the coronavirus epidemic, supporting economists’ views that the longest employment boom in history probably ended last month. The ADP National Employment Report on Wednesday showed private payrolls fell by …