World News: 17:35 GMT Friday 2nd August 2019. [Yahoo Business News Feed via SPi World News]
The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic growth as businesses brace for an escalating trade war with China. The index, which economists treat as an early indicator of economic growth, has been cooling for much of this year. A significant part of the weakness in hours worked came from the manufacturing sector, which is particularly exposed to an escalating trade war with China.
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