[ICYMI] US private hiring heats up in February: survey
Private hiring in the United States continued to beat analyst expectations in February, according to payroll firm ADP, in a further indication the Federal Reserve will continue its aggressive rate hike increases.US employers stepped up their pace of hiring in February, payroll firm ADP said Wednesday, in a further indication that more effort may be needed to cool the world's biggest economy.
"We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela Richardson, chief economist at ADP, in a statement. Since early last year, the US central bank has attempted to slow surging inflation with eight interest rate hikes, walking a fine line in an effort to ease demand without tipping the economy into a recession.
ADP added that small establishments are"a particular area of weakness," given that this segment has shed jobs every month since August 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Egypt February inflation seen rising to highest in more than 5 yearsEgyptian urban consumer inflation will rise in February to its highest level in well over five years, a Reuters poll showed on Tuesday, following a series of devaluations in the Egyptian pound in January.
Read more »
Nigeria: X-Raying Major Upsets in Nigeria's 25 February ElectionsThere may be more upsets in the gubernatorial and state assembly elections on Saturday based on the surprises of the 25th February elections.
Read more »
These were SA’s best-selling cars in FebruaryToyota remained SA’s favourite motoring brand in February, racking up 11,560 sales of the overall 45,352 new vehicles sold.
Read more »
When the chips are down: cost of potatoes drives up South African Shisa Nyama IndexA bag of the tubers cost 28% more in February than in December
Read more »
When the chips are down: cost of potatoes drives up South African Shisa Nyama IndexA bag of the tubers cost 28% more in February than in December
Read more »
Nigeria: Swept Away - Biggest Losers in National Assembly RacesThere were many surprises from the 25 February Nigerian National Assembly elections.
Read more »