ADP says businesses create the fewest new jobs in 7 months. Hiring slowed in the summer.

In August, U.S. businesses added only 36,000 new jobs, marking the smallest job growth in seven months and signaling a summer hiring slowdown. This modest increase follows a similarly small rise in July, suggesting that the labor market might be cooling. This trend could impact economic recovery efforts, as reduced hiring can affect consumer spending and overall economic growth. Analysts will be watching closely to see if this is a temporary blip or a sign of a broader trend.