U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower
UNITED STATES, AUG 1 – The Labor Department reported revisions cut 258,000 jobs from prior months while job growth slowed due to tariff policy uncertainty and reduced immigration, economists said.
- United States job growth slowed unexpectedly in July, with nonfarm payrolls increasing by only 73,000 jobs.
- The unemployment rate rose to 4.2% in July, up from 4.1% in June.
- Revisions to prior months' data eliminated 258,000 jobs from the May and June payrolls.
- The Labor Department indicated that uncertainty over President Donald Trump's trade policies is affecting companies.
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Biden's and Harris' Delusions About 'Social Justice' and 'Equity' Could Be Economy's Downfall - Real News Now
Decrying the newly released U.S. Labor Department report, which showed a meagre addition of merely 73,000 jobs for the month of July, former President Donald Trump had no shortage of negative emotions. This subpar job creation figure had led unemployment rates to inch upwards, from 4.1% to a marginally higher 4.2%. Furthermore, the Labor Department had grossly overstated previous job addition numbers for the months of May and June, resulting in …
U.S. stocks sink on tepid U.S. jobs data, erratic trade policies
NEW YORK, Aug. 1 (Xinhua) -- U.S. stocks tumbled Friday, weighed down by a weaker-than-expected jobs report that signaled a cooling labor market and growing investor unease over the Trump administration's erratic trade policies.
Job creations in July are 27% below expectations and those in May and June were drastically revised downwards. Donald Trump reacted by challenging the reality of figures "established by a person appointed by Biden".
U.S. Job Growth Slows in July; D.C. Metro Unemployment Rises to 5%
The U.S. economy added just 73,000 jobs in July, marking the third consecutive month of sluggish growth, while the national unemployment rate remained unchanged at 4.2%. The post U.S. Job Growth Slows in July; D.C. Metro Unemployment Rises to 5% appeared first on The Washington Informer.
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