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The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% of non-farm payrolls. The bulk of these losses were in construction and manufacturing. Among the hardest hit regions were the New England states and the West Coast, while the Midwest and south central regions were less affected.
In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers. In 1961, the company changed its name ...
In economics, the wage share or labor share is the part of national income, or the income of a particular economic sector, allocated to wages ( labor ). It is related to the capital or profit share, the part of income going to capital, [1] which is also known as the K – Y ratio. [2] The labor share is a key indicator for the distribution of ...
Friday's report marks the first time in 15 months that nonfarm payrolls have come in lower than Wall Street expected. Updated data revealed 306,000 jobs were created during May, about 33,000 less ...
JOLTS report. The JOLTS report or Job Openings and Labor Turnover Survey is a report from the Bureau of Labor Statistics measuring employment, layoffs, job openings, and quits in the United States economy. The report is released monthly and usually a month after the jobs report for the same reference period. Job separations are broken down into ...
U.S. employment levels by two key measures, the civilian employment level and total non-farm payroll. Changes in the latter are commonly reported as the number of jobs created or lost from month to month. In recent decades, Asians had the lowest unemployment rate as a racial group, followed by whites, Hispanics, and blacks.
The US economy added 253,000 nonfarm payroll jobs last month, with the unemployment rate unexpectedly dropping to 3.4%, data from the Bureau of Labor Statistics showed Friday. Economists had ...
The ADP report showing private payroll growth of 188,000 in April overshot the BLS count of 167,000. Wall Street economists expect nonfarm payrolls to have expanded by 190,000 in May after growing ...