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U.S. private sector hiring slowed for the sixth consecutive week, with an average of 8,250 new jobs added in the week ending July 25, according to ADP data.
According to the ADP report, U.S. private sector hiring activity slowed for the sixth consecutive week. In the four weeks ending July 25, the average weekly increase in new jobs was only 8,250, significantly lower than the 21,000 recorded in the period ending June 20. These figures are seasonally adjusted, have a two-week lag, and may be subject to revision.
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