
Economists Say Economy Making Progress, While Businesses Slow on Hiring
A recent report shows companies added 177,000 workers this month, the smallest advance since March, according to the ADP Research Institute.
A recent report shows companies added 177,000 workers this month, the smallest advance since March, according to the ADP Research Institute.
U.S. hiring picked up in August and wage growth slowed, offering a mixed picture of both resilience and moderation in the labor market.
Fewer vacancies paired with increased labor force participation have allowed for greater balance in the labor market and helped temper wage growth.
The South continues to lead employment growth for the 16th consecutive month, but the West was the only region to see small business jobs growth increase in July.