BusinessPostCorner.com
No Result
View All Result
Thursday, June 5, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Employers added 177K jobs in April, lost 900 in accounting

May 2, 2025
in Accounting
Reading Time: 2 mins read
A A
0
Employers added 177K jobs in April, lost 900 in accounting
ShareShareShareShareShare

The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report Friday, with employment increasing by 177,000 jobs for the month, while the unemployment rate remained unchanged at 4.2% despite cutbacks in the federal government and fears of a recession.

Professional and business services added 17,000 jobs, but subtracted 9,000 jobs in accounting, tax preparation, bookkeeping and payroll services. Employment continued to grow in the health care, transportation and warehousing, financial activities and social assistance sectors.

However, federal government employment declined by 9,000 in April and is down 26,000 jobs since January. The Internal Revenue Service has reportedly experienced a 25% decline in its workforce, according to Moneywise, and recently issued layoff notices to employees in its Taxpayer Experience Office and its Office of Equity, Diversity and Inclusion in Taxpayer Services, according to NextGov. Over 300 IRS employees in the Independent Office of Appeals accepted voluntary buyouts under the IRS’s deferred resignation program, according to Bloomberg Tax. 

Average hourly earnings rose 6 cents in April, or 0.2%, to $36.06. Over the past 12 months, average hourly earnings have increased 3.8%. 

The strong jobs report may be the last one for a while, according to one economist. “The labor market has mostly shrugged off the impact of the April 2 tariff announcements and subsequent whipsawing in markets,” said Appcast economist Sam Kuhn in a statement. “The key question now: is this the last ‘before’ jobs report? This week’s GDP figure showed the U.S. economy contracted for the first time since the first quarter of 2022. Will a contracting economy bleed into a weaker labor market? Consumer sentiment has cratered while inflation expectations have risen massively. Businesses are avoiding passing off price hikes to consumers for as long as possible in case trade policy changes.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

$IMX Soars 24% in 4-Hour Rally – Can Immutable Lead the Next Web3 Gaming Boom?

Next Post

US stocks wipe out steep losses that followed Trump’s ‘liberation day’

Next Post
US stocks wipe out steep losses that followed Trump’s ‘liberation day’

US stocks wipe out steep losses that followed Trump’s ‘liberation day’

The AI copyright standoff continues

The AI copyright standoff continues

June 2, 2025
Cantor Fitzgerald Asset Management to Launch Gold-Hedged Bitcoin Fund

Cantor Fitzgerald Asset Management to Launch Gold-Hedged Bitcoin Fund

May 30, 2025
How one co-founder runs a zero-employee marketing agency with AI tools

How one co-founder runs a zero-employee marketing agency with AI tools

June 2, 2025
AI in hiring concerns reach federal court in Workday lawsuit

AI in hiring concerns reach federal court in Workday lawsuit

June 3, 2025
AI forgeries launch new phase in anti-fraud arms race

AI forgeries launch new phase in anti-fraud arms race

May 30, 2025
NI-born designer Jonathan Anderson becomes fashion brand’s creative director

NI-born designer Jonathan Anderson becomes fashion brand’s creative director

June 2, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Goldman Sachs reins in risk appetite as Donald Trump’s tariffs roil markets

Goldman Sachs reins in risk appetite as Donald Trump’s tariffs roil markets

June 5, 2025
BREAKING: Uber Explores Global Stablecoin Transfers as CEO Hails Bitcoin ‘Proven’ Store of Value

BREAKING: Uber Explores Global Stablecoin Transfers as CEO Hails Bitcoin ‘Proven’ Store of Value

June 5, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!