Private Hiring Declines As Labor Market Slows Sharply
1. U.S. private sector added only 54,000 jobs in August. 2. Job growth significantly below July's 106,000 and estimates of 85,000. 3. Labor market shows signs of cooling amid economic uncertainty. 4. Employment trends could influence upcoming interest rate decisions. 5. Sector performance reflects potential impacts on S&P 500 companies.