Jan 3, 2019

Private sector adds whopping 271,000 jobs in December

Photo: Joe Raedle/Getty Images

The private sector added 271,000 jobs in December, according to ADP's national employment report released on Thursday — significantly more than the 178,000 that economists expected.

Why it matters: It's good news ahead of Friday’s jobs report. November's miss in ADP's report, coupled with the Labor Department's weaker-than-expected payrolls in November, stoked concerns that job growth was beginning to retreat from its strong pace. "At the current pace of job growth, low unemployment will get even lower," Mark Zandi, chief economist at Moody’s Analytics, said in the release.

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Axios
Updated 18 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 a.m. ET: 32,994,213 — Total deaths: 996,682 — Total recoveries: 22,850,358 — Map.
  2. U.S.: Total confirmed cases as of 12:30 a.m. ET: 7,114,235 — Total deaths: 204,752 — Total recoveries: 2,766,280 — Total tests: 101,298,794 — Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemic — Fewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.
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Rebecca Falconer
1 hour ago - Politics & Policy

Democrats demand Trump release his tax returns after NYT report

Compilation images of House Nancy Pelosi and President Trump. Photo: Joshua Roberts/Getty Images/Chip Somodevilla/Getty Images

Democrats called on President Trump to disclose his tax returns following a New York Times report alleging he paid $750 in federal income taxes in 2016 and 2017 and nothing in 10 of the past 15 years.

Details: Trump said the report was "total fake news," that he's unable to release the returns as they're "under audit" by the IRS, "which does not treat me well." House Speaker Nancy Pelosi (D-Calif.) said in a statement the report "provides further evidence of the clear need" for a House lawsuit to access the tax returns and "ensure the presidential audit program is functioning effectively, without improper influence."

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Axios
Updated 2 hours ago - Politics & Policy

Former Trump campaign manager Brad Parscale hospitalized

Brad Parscale, the former campaign manager for President Trump's re-election campaign, at Drake University in January in Des Moines, Iowa. Photo: Tom Brenner/Getty Images

Fort Lauderdale police arrived at former Trump campaign manager Brad Parscale's home on Sunday after his wife called and said he was threatening to harm himself, Florida officials confirmed to Axios.

Details: Fort Lauderdale Police Sgt. DeAnna Greenlaw told Axios officers responded to a report of "an armed male attempting suicide" just before 4 p.m. local time.

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