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US weekly jobless claims hit 3.2 million, bringing the 7-week total to more than 33 million

"It's very clear the labor market is still taking it on the chin from the coronavirus," said Ryan Sweet, a senior economist at Moody's Analytics.

US stocks close mixed as dismal jobs report offsets tech gains

Surging tech stocks lifted the Nasdaq Composite index, but the S&P 500 and Dow closed lower on the day.
FILE PHOTO: The global outbreak of coronavirus disease (COVID-19) in Los Angeles

US companies eliminated a record 20.2 million jobs in April, ADP report says

"Job losses for the month of April alone was more than double the total jobs lost during the Great Recession," said Ahu Yildirmaz of ADP.
A delivery person rides a bike down the middle of 7th Avenue in mostly deserted Times Square during the coronavirus outbreak in Manhattan on March 23, 2020.

US businesses slashed 27,000 jobs before strictest coronavirus shutdowns took effect, new report shows

Small businesses accounted for the private-sector job cuts, shedding 90,000 payrolls through the month ended March 12, according to ADP.

S&P notches new record close as markets set aside coronavirus fears, focus on strong data

Markets let coronavirus fears abate Wednesday as the S&P 500 notched a new closing record and the Dow jumped 500 points

The US private sector grew at 2nd-weakest pace since 2010 in November

The report could renew concerns that the labor market is running out of steam, particularly as a global trade dispute continues to escalate.

We just got another sign the job market may be slowing down

The US private sector created far fewer jobs than expected in March, according to payroll processor ADP.

BILL ACKMAN ON ADP: I lost the vote, but I also won

Bill Ackman acknowledged that he technically lost the proxy contest at ADP – but said he's won in the long-term.

Bill Ackman suffers a big blow in his effort to shake up ADP

ADP shareholders voted against adding three directors to its board including Bill Ackman.
Bill Ackman would be right to be worried about his Herbalife short following the company's decision to do a Dutch auction.

We all just witnessed the fall of a Wall Street god

OPINION: On Wall Street, the most powerful people can move the market with merely a word. Bill Ackman seems to have lost that ability.