WASHINGTON (Reuters) - U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWASHINGTON - U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains tight.
Data for July was revised higher to show 371,000 jobs added instead of the previously reported 324,000. The government reported on Tuesday that there were 1.51 job openings for every unemployed person in July, the lowest ratio since September 2021, compared with 1.54 in June. A survey from the Conference Board also showed consumers' views of the labor market less upbeat in August.
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