Thursday, May 30 2024 | Time 21:04 Hrs(IST)

U.S. private sector adds 103,000 jobs in November as hiring slows

U.S. private sector adds 103,000 jobs in November as hiring slows

Washington, Dec 7 (UNI) Private companies in the United States added 103,000 jobs in November, indicating slowing job growth in a cooling labor market, payroll data company Automatic Data Processing (ADP) reported Wednesday.
"Restaurants and hotels were the biggest job creators during the post-pandemic recovery," said Nela Richardson, chief economist at ADP. "But that boost is behind us."
"The return to trend in leisure and hospitality suggests the economy as a whole will see more moderate hiring and wage growth in 2024," said Richardson.
In November, the goods-producing sector lost 14,000 jobs, with a decline of 15,000 jobs in manufacturing. In the service-providing sector, 117,000 jobs were added, with declines in professional/business services (-5,000) and leisure/hospitality (-7,000), the report showed.
Job growth in the private sector totaled a downwardly revised 106,000 in October, the report showed.
Job-stayers saw a 5.6 percent pay increase in November, the slowest pace of gains since September 2021, according to the report. Job-changers, too, saw slowing pay growth. The premium for switching jobs is at the smallest in three years of data.

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Malaysia releases stamp to commemorate 50th anniversary of ties with China

30 May 2024 | 8:20 PM

Kuala Lumpur, May 30 (UNI) Pos Malaysia, the national courier service provider and sole licensee for universal postal services in the country, unveiled a set of special joint commemorative stamps on Thursday to mark the 50th anniversary of the establishment of diplomatic ties between Malaysia and China.

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Ukraine says Russia fired 19 missiles, 32 combat drones in fresh attack

30 May 2024 | 8:17 PM

Kiev, May 30 (UNI) Russia fired 11 cruise missiles, eight surface-to-air missiles and 32 Shahed combat drones at targets in Ukraine early Thursday, the Ukrainian Air Force said in a Telegram post.

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Google announces 2 bln USD for data center, cloud services in Malaysia

30 May 2024 | 8:03 PM

Kuala Lumpur, May 30 (UNI) Google will invest 9.4 billion ringgit (2 billion U.S. dollars) to establish its first data center and Google Cloud region in Malaysia, the tech company said on Thursday.

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Laos prepares to host 57th ASEAN foreign ministers' meeting

30 May 2024 | 6:14 PM

Vientiane, May 30 (UNI) Laos is making comprehensive preparations to host the 57th Association of Southeast Asian Nations (ASEAN) Foreign Ministers' Meeting (AMM) and related meetings here from July 21 to 27 in 2024.

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US bans entry to 5 current, former Ugandan officials

30 May 2024 | 6:00 PM

Washington, May 30 (UNI) The US State Department on Thursday imposed visa restrictions on five current and former Ugandan officials for their alleged involvement in corruption and human rights violations.

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