August 5, 2020

US sees deep private hiring slump ahead of jobs data

Washington (AFP) – US private sector hiring slumped in July, the latest sign of the shaky footing of the world’s largest economy as it struggles with a protracted coronavirus outbreak.Payroll services firm ADP reported on Wednesday the United States added just 167,000 private sector jobs in July — nowhere near analyst’ expectations of a 1.6 million rise in a month when many states rolled back reopening measures as they faced a surge in new COVID-19 infections.”The labor market recovery slowed in the month of July,” said Ahu Yildirmaz, vice president of the ADP Research Institute. “We have see…

source https://this.kiji.is/en/663769336718705761?c=648607265489716321

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