Private sector hiring in the United States accelerated in July, with leisure, hospitality, and financial industries showing the most significant growth.

In July, American businesses accelerated their pace of hiring, reversing the significant slowdown seen in the previous month, although overall growth still shows signs of weak labor demand. The most significant job growth was seen in the leisure and hospitality industry as well as the finance sector, while the education and healthcare industry has seen continuous layoffs for the fourth consecutive month. Despite the better-than-expected data in July, hiring in the private sector remains significantly below last year's average levels. With more uncertainty brought about by President Trump's economic policies, businesses are becoming more cautious in their hiring decisions. The report also shows that wage growth remains stable, with wages for job-switching employees increasing by 7% and wages for staying employees increasing by 4.4%.