U.S. Companies Have Enough Confidence to Hire, If Not InvestBy
Service industries more dependent on workers than equipment
Jobless rate held at 4.9% last month as labor force swelled
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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