Employers Are Hiring Less, But Key Industries Are Paying More to Keep Talent Amid Shortages

Source: International Business Times

Private employers added just 44,000 jobs in July, marking the weakest monthly gain since January and reinforcing concerns that businesses are becoming more cautious about expanding their workforces. Justin Sullivan/Getty Images Private-sector hiring cooled sharply in July, but employers are still paying more to attract and retain workers, highlighting a labor market that remains tighter than headline job numbers suggest. Private employers added just 44,000 jobs in July, according to ADP data released on Wednesday, marking the weakest monthly gain since January and reinforcing concerns that businesses are becoming more cautious about expanding their workforces.