The increase in employment followed a revised 233,000 gain the prior month, figures from the Roseland, New Jersey-based ADP Research Institute showed today. The median forecast of 47 economists surveyed by Bloomberg called for an advance of 222,000. Payrolls have climbed by at least 200,000 in seven of the last eight months.
Resilient domestic demand, supported in part by falling energy costs, is encouraging employers to add to headcounts even as global economies struggle. Faster wage gains would help provide an added boost to household spending, which makes up almost 70 percent of the economy.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
