Payroll

Job creation surged last month, especially in consumer-facing services.

The rate of hourly pay and hiring growth slackened last month at small businesses, which also had a harder time finding workers.

The payroll and HR technology provider is adding artificial intelligence to its products after hiring the former global head of data science and analytics at Google.

Plus, ForwardAI announces a new real-time payment system; Tipalti adds AI capabilities; Numeric launches an AI 'co-pilot' for accountants; and more news from accounting technology.

The unemployment rate nevertheless rose by 0.3 percentage point to 3.7%, the U.S. Bureau of Labor Statistics reported.

ADP reported some sectors saw employment declines, including professional and business services and large companies.

Hourly earnings growth for U.S. workers decelerated to 4.33% in May, while small business job growth declined slightly by 0.04% from April, Paychex reported.

The widespread availability of the high-powered chatbot has led to a panoply of new AI-powered accounting solutions.

Construction firms are being hit from all directions today.

The unemployment rate fell one-tenth of a percentage point to 3.4%.

Annual pay also grew 6.7% year-over-year, payroll provider ADP reported.

The pace of hiring, pay and hours worked decelerated last month, according to a report released Tuesday by payroll provider Paychex.

Accounting is the top industry where new business owners are starting their own firms while still employed, according to a recent survey.

Employers dampened their hiring amid worries over banking failures and interest rate hikes.

Small businesses did a bit more hiring and paid workers more last month, according to a report from payroll provider Paychex.

Accounting firms are looking for ways to keep in touch with clients often and to advise them as much as they can, and payroll is a high-touch service that can accomplish this.

The jobs numbers beat analyst expectations, but the unemployment rate rose two-tenths of a point to 3.6%.

In its latest report, payroll giant ADP noted that some slowdowns are occurring, with job losses in professional and business services.

The rate of growth in both jobs and wages slowed from January, according to a new report from Paychex.