US private jobs creation slows as hiring bottlenecks persist

The latest reading on the US jobs market from private payrolls tracker ADP showed the private sector added only 330,000 jobs last month as employers struggle to fill a record number of job openings.

More evidence surfaced on Wednesday that hiring bottlenecks are weighing on the labour market recovery in the United States. Payroll processor ADP said on Wednesday that private employers in the US added only 330,000 jobs in July. That number was far short of expectations and marked a sharp slowdown from June’s revised reading of 680,000 jobs created by private firms. July also marked the slowest pace of jobs creation since February.