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Business Report: Hiring slowdown, Bed Bath & Beyond troubles

ADP reports U.S. companies added just 132,000 new jobs in August

Aired 08/31/2022

NJ Spotlight News

Business Report: Hiring slowdown, Bed Bath & Beyond troubles

Clip: 8/31/2022 | 3m 10sVideo has Closed Captions

ADP reports U.S. companies added just 132,000 new jobs in August

Hiring is slowing, according to ADP. U.S. companies added 132,000 new jobs in August, below economists' expectations; in July, companies hired twice that number. The ADP report, which was recently revamped to use a new methodology, also showed that annual worker pay increased 7.6% in August, which adds to worries about inflation. The federal government’s monthly report on jobs comes out Friday.

Aired 08/31/2022

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