US private-sector employers added the fewest new jobs in six months, according to the latest ADP National Employment Report.
The data points to a continued slowdown in hiring activity, extending the deceleration trend observed in previous months.
The slowdown in private hiring follows a June report where employers added 98,000 jobs, a figure that fell short of market expectations.
This development adds to growing evidence that the US labor market is cooling.
The private-sector figure serves as a key leading indicator for the official government employment report, which is closely watched by investors and policymakers for signs of economic momentum.
The slowdown in private hiring follows a June report where employers added 98,000 jobs, a figure that fell short of market expectations.
That earlier data had already signaled a noticeable deceleration in the second half of the second quarter, suggesting that the current softening is part of a broader trend rather than an isolated event.