Payroll

ADP announced the launch of ADP Assist, a generative AI assistant.

Hourly earnings growth for employees is slowing, even as job growth continues, according to a new report from Paychex.

Private sector employers added 107,000 jobs in January as annual pay grew 5.2% on a year-over-year basis, payroll giant ADP reported.

Plus, Intuit adds TurboTax to Credit Karma and QuickBooks; FreshBooks introduces payroll capacities; and other accounting tech news.

The rule on classifying workers as either employees or independent contractors reverses a change from the Trump administration.

The unemployment rate remained unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported.

The service-providing sector added 155,000 jobs, including 1,000 in professional and business services.

Nearly half the states are increasing their minimum wages this year, boosting the pay of an estimated 9.9 million workers, according to the Economic Policy Institute.

The average pace of job growth in 2023 remained above the growth rate leading up to the pandemic.

The unemployment rate declined two-tenths of a point to 3.7% in a sign of a strong economy despite high interest rates.