U.S. ECONOMY KEEPS UP THE MOMENTUM, BUT RISING COSTS PUT A LID ON NEW HIRING

The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of doing business. Companies responded by keeping a lid on hiring.

MarketWatch.com - Top Stories reports that the largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of doing business.

The report adds: Companies responded by keeping a lid on hiring.

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