Private payrolls increase by 365,000 vs. 600,000 estimate

first_imgA worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, on Wednesday, April 29, 2020.Adam Glanzman | Bloomberg via Getty Images – Advertisement – Private job creation showed a sharp deceleration in October as the U.S. economy struggled against a resurgent coronavirus pandemic, according to a report Wednesday by ADP.Companies added 365,000 positions for the month, well below the 600,000 estimate from a Dow Jones economist survey. That was the lowest reported gain from ADP since July.The ADP estimate, done in conjunction with Moody’s Analytics, has varied widely from the government’s official nonfarm payrolls report, particularly during the pandemic. However, the upwardly revised 753,000 in September actually was higher than the Labor Department’s count of 661,000, whereas previous months’ reports were considerably lower than the government’s.- Advertisement – “The labor market continues to add jobs, yet at a slower pace,” Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said in a statement. “Although the pace is slower, we’ve seen employment gains across all industries and sizes.”The report comes two days before the more closely watched Labor Department tally.Economists expect that report to show growth of 530,000, which would take the total amount of positions brought back since May to nearly 12 million. The unemployment rate is expected to fall two-tenths of a percentage point to 7.7%.However, the gains only make up for a little more than half the 22 million positions lost in the first two months of the pandemic.Economists worry that job creation could slow amid a rise in Covid-19 cases, which increased by 86,507 on Tuesday to bring the pandemic total to 9.3 million, according to the Covid Tracking Project. More than 224,000 Americans have died from the virus and its complications.center_img From a sector perspective, services accounted for almost all the job creation, with 348,000. The hospitality industry, which took the biggest hit during the virus-related shutdown, added 125,000 jobs, while education and health services grew by 79,000 and professional and business services contributed 60,000.Of the 17,000 increase on the goods-producing side, construction and manufacturing each added 7,000 while natural resources and mining rose 3,000.Job creation was split among businesses in terms of size, with companies employing 50 to 499 employees leading with 135,000. Large businesses contributed 116,000 and small firms picked up 114,000.- Advertisement – – Advertisement –last_img read more

Emiliano Martinez plans to dethrone Bernd Leno as Arsenal’s No.1 this season

first_imgEmiliano Martinez plans to dethrone Bernd Leno as Arsenal’s No.1 this season Comment Martinez was ready to leave Arsenal this summer (Picture: Getty)Emiliano Martinez has revealed he was assured of game time this season at Arsenal.The goalkeeper is currently behind Bernd Leno, but the current No.1 has faced criticism for some errors this season.Gary Neville feels Leno is not the elite goalkeeper Arsenal need and Martinez has now fired a warning at his team-mate.‘He has more professional matches than me, but in qualities, I am equal to or better than him,’ Martinez said.ADVERTISEMENT Martinez believes he will be No.1 by the end of the season (Picture: Getty)Martinez, 27, has only played 14 games for the Gunners in seven years at the club, but plans to be Arsenal’s No.1 by the end of the season.‘My goal is to reach the Argentine national team,’ he said. ‘I have the qualities, I need only a little more playing time.‘I want to add minutes, make a great season, be Arsenal’s number one and have chances of being in the [national] team that plays the Copa America [in] 2020.’MORE: Alexandre Lacazette sends message to Arsenal fans after injury blowMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City Coral BarrySaturday 14 Sep 2019 6:53 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.4kSharescenter_img Leno is under pressure to improve at Arsenal (Picture: Getty)‘I had a great season on loan at Reading & I had offers to leave Arsenal. I wanted to play, after nine years without much rhythm, I wanted to leave.’AdvertisementAdvertisement‘I got the news that I was going to play more games and I decided to stay to try to be number one,’ he continued.‘I’m very prepared. If I didn’t believe myself of being capable of taking that position, I would not have stayed.’ Advertisement Advertisementlast_img read more