59.9 F
Fort Worth
Wednesday, September 30, 2020
- Advertisements -
Business Small business hires drop, resume listless trend, ADP says

Small business hires drop, resume listless trend, ADP says

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

NEW YORK (AP) — Small business hiring fell back in September, resuming a listless trend following a one-month upswing.

That report came from payroll company ADP, which counted 30,000 new jobs at its small business customers, those with under 50 employees. These companies added 55,000 jobs in August and just 4,000 in July.

The report was a sign that business owners are growing more cautious as they see the economy weaken in response to the Trump administration’s escalating trade war. The latest disappointing economic indicator was Tuesday’s report from the Institute for Supply Management, a trade group, that said manufacturing activity slowed further last month. U.S. manufacturers have been hurt by tariffs on imported raw materials and components, and by retaliatory tariffs that China and other trading partners have imposed on U.S. goods. The ISM report said manufacturers are cutting jobs.

So far year, small businesses tracked by ADP have added on average nearly 28,600 jobs a month, compared with 52,000 in 2018. ADP’s numbers are subject to significant revisions and can have wide swings. The August number was originally reported as 66,000.

Small business hiring fell in September along with job creation at companies of all sizes; ADP said its business customers added 135,000 jobs , compared to a monthly average of 225,000 last year.

Employers overall have reported difficulties finding qualified workers, a problem that has held back hiring. But the slower hiring this year has accompanied increasing uncertainty about the economy and the impact of tariffs on U.S. companies.

- Advertisements -
- Advertisements -

Latest News

Fort Worth Chamber talks vision, Fortitude in 2020 Annual Meeting

The new CEO of the Fort Worth Chamber of Commerce took the stage Tuesday – both live and virtually – as he...

Delta Hotels by Marriott to open in Southlake in November

Delta Hotels by Marriott announced on Sept. 28 that the official grand opening of the Delta Hotels by Marriott Dallas Southlake is scheduled for mid-November...

Unfriendly skies: Airline workers brace for mass layoffs

By TOM KRISHER and CATHY BUSSEWITZ AP Business Writers DETROIT (AP) — The worries are growing for United Airlines...

US stocks drift between gains and losses in early trading

By KEN SWEET AP Business Writer Stocks were off to a mixed start Tuesday, as the market cooled off...

$1.2B bank acquisition impacts North Texas market

First Mid Bancshares Inc. (NASDAQ: FMBH) and LINCO Bancshares Inc. announced Sept. 28 that First Mid will acquire LINCO, the holding company...