Private Hiring Stalls in July, Complicating Everything

Private employment growth stalled in July as the American private sector added 44,000 positions, substantially underperforming consensus forecasts of 75,000 new jobs. The figure represented a significant deceleration from June’s revised total of 95,000 and marked the slowest pace since January.
Education and health services accounted for 36,000 of the month’s total job gains, with the remaining 8,000 positions distributed across the broader economy. Employment in trade and transport