Mortgages

Private sector employers added 62,000 jobs in March, payroll giant ADP reported, as annual pay grew 4.5% year over year.

Efforts to take advantage of the dramatic expansion of the Low-Income Housing Tax Credit have bumped up against some unintended consequences, say investors and developers.

The professional and business services sector lost 5,000 jobs, including 1,400 in accounting, tax preparation, bookkeeping and payroll services.

The professional and business services sector, which includes accounting and tax preparation along with other services, lost 30,000 jobs, ADP reported.

Minimum wage increases in some states and localities helped boost payrolls a small amount in February at small businesses, according to Paychex.

The professional and business services sector, which includes accounting and tax, lost 57,000 jobs last month, the largest loss since August 2024, ADP reported.

Small business job growth and wage growth last month largely followed the same pattern as late last year, payroll company Paychex reported.

Pumping up energy credits; rental prop problems; the OBBBA and financial aid; and other highlights from our favorite tax bloggers.

Employment rose by 50,000 jobs in December, the U.S. Bureau of Labor Statistics reported, while the unemployment rate fell two-tenths of a point to 4.4%.

ADP reported annual pay grew 4.4% year over year, but the professional and business services sector shed 29,000 jobs last month.

Hourly earnings growth at small businesses continued to decelerate in December, reflecting a pattern for much of the year, Paychex reported.

Small businesses in particular lost a total of 120,000 jobs.

Last month brought a slight uptick in wage and job growth at small businesses, payroll company Paychex reported.

Employers boosted employment in October, while annual pay rose 4.5% year over year, payroll giant ADP reported.

Hourly earnings growth for small business employees slowed slightly last month, but the average number of hours they worked increased, Paychex reported.

ADP Research will now be releasing data on a weekly basis, in addition to its monthly report, to provide high-frequency insights into the labor market.

Small businesses with fewer than 50 employees maintained steady job growth and hourly earnings growth this past month, according to payroll company Paychex.

The economy showed further signs of a slowdown as the unemployment rate edged up one-tenth of a point to 4.3%.

The private sector added only 54,000 jobs last month, payroll giant ADP reported, as the job market showed further signs of a slowdown.

Hourly earnings growth for small business employees fell to 2.58% last month, while job growth remained basically flat, according to Paychex.