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US companies add just 44,000 jobs in July as hiring slows
American businesses added fewer jobs in July than experts had predicted, with private payrolls up by just 44,000— the weakest increase this year. Conversely, job switchers enjoyed the steepest wage hikes in almost a year, reflecting a resilient labor market driven by substantial demand. This moderation gives Federal Reserve officials the leeway to concentrate on inflation worries.
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forbes.com
Private Payrolls Slowed In July Thanks To ‘Choppy’ Hiring
Small businesses had boosted the private sector’s hiring rate in recent months.
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cnbc.com
Private companies added just 44,000 workers in July, below expectations, ADP reports
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
