Layoffs, Fewer Jobs Show Economy Slows&#8203
Layoffs, Fewer Jobs Show Economy Slows
해고와 일자리 감소, 경기 둔화를 보여줘
US employers are 1scaling back on hiring as the economy slows and 2borrowing costs continue to rise. That's according to the latest report from 3payroll processor, ADP. The report shows the 4private sector added 145,000 jobs which is less than February's monthly 5job gain of 261,000 and that 6pay growth has slowed.
"Wage growth was running quite a bit faster six or eight months ago compared with how fast it's running today."
Experts say what this could show is an economy that is slowing but also 7normalizing after years of strong growth in the 8labor market.
"There has only been around one 9unemployed worker for every two 10job vacancies. That's way below the ratio that employers are used to even in a very strong economy."
The biggest job losses were in finance which lost about 51,000 jobs.11 Professional and business services about 46,000 and 12manufacturing30,000. On the other hand, these sectors saw growth with 13leisure and hospitality gaining 98,000 jobs. Chief economist with ADP Nela Richardson says this data isn't only a positive sign for the Fed but also for smaller businesses.
Giant companies like Walmart and Amazon also 14dealing with 15layoffs. Amazon 16eliminated roughly 30,000 jobs since the beginning of the year. And Walmart announced more than 2,000 workers will be laid off at five US 17warehouses.
- 1scale back축소하다
- 2borrowing costs차입 비용
- 3payroll processor급여 처리 업체
- 4private sector민간 부문
- 5job gain취업 증가
- 6pay growth급여 증가(syn. wage growth)
- 7normalize정상화하다
- 8labor market노동 시장
- 9unemployed worker실직자
- 10job vacancies공석 일자리
- 11professional and business services(기업 및 개인에게 전문 서비스를 제공하는) 전문 비즈니스 서비스
- 12manufacturing제조업
- 13leisure and hospitality레저 및 숙박업
- 14deal with처리하다
- 15layoff해고(cf. lay off 해고하다)
- 16eliminate제거하다
- 17warehouse물류창고