News Formal

A fading jobs market? Fewer businesses are hiring

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Here’s a sign of weakness in the jobs market. Fewer businesses are hiring

The U.S. added a solid 187,000 new jobs in July, but almost half of the hiring was concentrated in a handful of industries.

A measure in the monthly jobs report compares the percentage of industries hiring to the percentage of those losing jobs. This is known as the diffusion index, and it can reveal trends about the larger economy. Nearly half of July’s new jobs, 87,000, were created in health care and social assistance . That’s a continuation of a trend in 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tight budgets lead to fewer language-diverse participants in academic than industry trialsLack of funding for translating trial documents into participants’ primary language is a barrier to recruitment of diverse individuals.
Source: Nature - 🏆 64. / 68 Read more »

Housing Market: 45,000 fewer homes available amid inventory crunchHomebuyers had 45,000 fewer homes to choose from in July as the US housing market remains as tight as ever
Source: BusinessInsider - 🏆 729. / 51 Read more »