Private Hiring Stalls in July, Complicating Everything - MobyBREAKING NEWSOur analysts just identified a stock with the potential to be the next Nvidia. The American private sector added 44,000 jobs in July, which is the hiring equivalent of a shrug. The companies hiring hardest had fewer than 50 employees, which is not how a confident economy behaves. Cooling hiring paired with accelerating switcher pay hands the doves nothing and the hawks a wage story. ADP's record as a predictor is patchy, so read 44,000 as you will, but don't read it as strong.