NJ Spotlight News

Business Report: Hiring slowdown, Bed Bath & Beyond troubles

Clip: 08/31/2022 | 3m 10s | Video has closed captioning.

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: 08/31/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.