U.S. Hiring Slowed Sharply in August

U.S. hiring slowed sharply in August as the surging Delta variant dented the pace of the economic recovery.

The U.S. economy added 235,000 jobs last month, the Labor Department said Friday, falling far short of economists’ estimates for 720,000 new jobs. Job growth last month was also down from upwardly revised monthly payroll gains of 1.1 million in July and 962,000 in June.

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