U.S. Companies Have Enough Confidence to Hire, If Not Invest

  • Service industries more dependent on workers than equipment
  • Jobless rate held at 4.9% last month as labor force swelled

U.S. Jobs Data Keeps Analysts Guessing on Projections

American employers were optimistic enough in the nation’s economic prospects to hire an unexpectedly large number of workers in July for a second month. So far, the same can’t be said for their inclination to invest in updating their operations.

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