U.S. Hiring Slowed Dramatically

“U.S. businesses slowed their hiring dramatically in July, adding only 167,000 new workers to their private payrolls — a steep drop from analysts’ expectations that could add new urgency to stalled congressional talks over another round of federal coronavirus relief,” the Washington Post reports.

“The numbers reported mark a significant departure from the roughly 1 million jobs that some economists had predicted and a sharp falloff from hiring gains reported just a month prior, with virtually no sector of the U.S. economy untouched by the new slowdown.”