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The Economic Times

Economy / The Economic Times

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US companies add just 44,000 jobs in July as hiring slows

American businesses added fewer jobs in July than experts had predicted, with private payrolls up by just 44,000 the weakest increase this year. Conversely, job switchers enjoyed the steepest wage hikes in almost a year, reflecting a resilient labor market driven by substantial demand. This moderation gives Federal Reserve officials the leeway to concentrate on inflation worries.

6 Aug 2026 12:49 am