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>Fresh data showing US hiring slowed again in December has sharpened fears that the world’s largest economy may be sliding toward a recession.
>Private employers added just 41,000 jobs last month, according to a report from ADP, rebounding from November’s revised loss of 29,000 positions.
>But that still fell short of expectations. Economists polled by Reuters had forecast a stronger gain of 47,000 jobs.
>The weaker-than-expected increase is the latest sign that the labor market — long a pillar of US economic strength — is losing momentum.
>Hiring has slowed sharply as companies grapple with higher borrowing costs, policy uncertainty and cooling demand, raising concerns that a broader economic downturn could be taking shape.
https://www.dailymail.co.uk/yourmoney/article-15442195/jobs-report-wall-street-recession-clues.html
>Private employers added just 41,000 jobs last month, according to a report from ADP, rebounding from November’s revised loss of 29,000 positions.
>But that still fell short of expectations. Economists polled by Reuters had forecast a stronger gain of 47,000 jobs.
>The weaker-than-expected increase is the latest sign that the labor market — long a pillar of US economic strength — is losing momentum.
>Hiring has slowed sharply as companies grapple with higher borrowing costs, policy uncertainty and cooling demand, raising concerns that a broader economic downturn could be taking shape.
https://www.dailymail.co.uk/yourmoney/article-15442195/jobs-report-wall-street-recession-clues.html
