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US hiring in sync with job growth

Bloomberg The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. Highlights of ADP Employment (July) Private payrolls rose by 178k (est. 190k); gain in June revised to 191k from 158k Payrolls ...

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Young users spend 32 mins daily on Instagram

Bloomberg Facebook Inc.’s Instagram is most popular for people younger than 25, who the company says spend an average of more than 32 minutes a day on the photo-sharing app. For those 25 and older, usage is more than 24 minutes a day, the company said. Instagram is crediting much of the growth in engagement to its “Stories,” which was ...

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UK construction growth weakest in a year: IHS

Bloomberg UK construction growth slowed to the weakest in almost a year in July, according to IHS Markit. The Purchasing Managers’ Index fell to 51.9, the lowest since August, from 54.8 in June. That’s below the 54 forecast by economists in a Bloomberg survey, although it remains above the 50 level dividing expansion from contraction. The construction sector was a ...

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