U.S. Business Hiring Falls to 7-Year Low

“A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay,” the AP reports.

“Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have hired additional workers in the past three months. That is down from one-third in July. Job totals were unchanged at 69% of companies, up from 57% in July. A broad measure of job gains in the survey fell to its lowest level since October 2012.”