US hiring plans keep weakening beneath the surface
US hiring plans remain historically depressed.
Employers announced plans to add just 10,933 jobs in June, down 44 percent from May.
Technology hiring plans are still up year over year, but outside tech the picture is much weaker.
Entertainment and leisure hiring plans are down sharply, and overall hiring intentions have been falling for years.
The labor market may not look broken on the surface.
But beneath the headline numbers, hiring appetite keeps fading.