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Overseas Headlines – August 5, 2026

August 5, 2026

 

 

 

United States:

US Companies Added 44,000 Jobs in July, ADP Data Show

 

US companies added fewer jobs in July than expected, suggesting some cooling in hiring momentum after a recent stretch of solid gains.

 

Private payrolls rose 44,000 — the least since the start of the year — after a revised 95,000 increase in the prior month, according to ADP Research data out Wednesday.

 

https://www.bloomberg.com/news/articles/2026-08-05/us-companies-added-44-000-jobs-in-july-adp-data-show

 

 

Europe:

UK in Longest Jobs Slump Since Financial Crisis, PMI Shows

 

Britain’s two-year jobs market downturn has lasted as long as the slump seen during the global financial crisis as firms cut costs and turn to artificial intelligence, according to a closely watched survey.

 

S&P’s purchasing managers’ index showed services firms and employers across the wider private sector reducing headcount for a 22nd straight month in July.

 

https://www.bloomberg.com/news/articles/2026-08-05/uk-in-longest-jobs-slump-since-financial-crisis-pmi-shows

 

 

 

 

 

Asia:

Japan’s Nominal Wages Rise Again, Backing BOJ Rate Hike Case

 

Japanese wage growth remained firm on the back of solid corporate earnings and a tight labor market, bolstering the case for another Bank of Japan interest rate hike in coming months.

 

Nominal wages climbed 3.4% in June from a year earlier, following a revised 3.3% increase in May, the labor ministry reported Wednesday.

 

https://www.bloomberg.com/news/articles/2026-08-04/japan-s-nominal-wages-rise-again-backing-boj-rate-hike-case?srnd=phx-economics-v2

 

 

 

 

 

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