US Private Job Market hits Slump

In the United States, job growth has hit a record slump, as last month marked its slowest pace in three years. According to the ADP National Employment Report, private American businesses only hired 156,000 people last month, the smallest gain since April 2013. Weak hiring activity across most sectors has also been affected. Meanwhile, Washington released a report showing that productivity across the country has shrunk since the beginning of the year, causing concern among economists. Last year alone, productivity rose just by 0.7 percent, marking five straight years of weak growth. Americans are growing increasingly dissatisfied with the poor state of the economy and the unemployment rate remaining at 5 percent.













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