Jobs Report Shows Hiring Slowdown, Inflation Pressures Elevated

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Jobs Report Shows Hiring Slowdown, Inflation Pressures Elevated
A "now hiring" sign is posted at a Panda Express restaurant in Marin County, Calif., on Aug. 5, 2022. Photo by Justin Sullivan/Getty Images
Bryan Jung
Updated:
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A newly released jobs report showed that the pace of hiring in the private sector slowed down in August, amid growing fears of an economic slowdown and historically high inflation.

The much awaited monthly report on private sector employment was released by payroll processing firm ADP on Aug. 31.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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