US Job Market Stalled in July as Employers Cut 23,000 Jobs, Delivering Political Blow to Trump

White House Economic Adviser Defends Admin's Record Following Unforeseen July Job Losses - Tampa Free Press

National Economic Council Director Kevin Hassett defended the administration’s economic performance during an interview Sunday on CNN’s “State of the Union,” pointing to high-paying industrial gains and broader indicators despite a surprise contraction in July employment figures. The Bureau of Labor Statistics reported that the economy shed 23,000 jobs in July, defying economist projections of […] White House Economic Adviser Defends Admin’s Rec…

Jobs fell. Unemployment fell too. Here's the catch nobody's cheering.

U.S. payrolls fell 23,000 in July as Hispanic, teen unemployment dropped — but a shrinking labor force drove the decline, not more hiring.

Private Employers Add Just 44,000 Jobs in July, Missing Expectations

U.S. private employers added just 44,000 jobs in July, according to the ADP National Employment Report released Aug. 5 — well short of the roughly 75,000 jobs economists had forecast, and the weakest monthly ADP reading since January. It’s a sharp slowdown from June’s revised total of 95,000. The gains were uneven. Service-providing industries added […]

Job Growth Stinks, Thanks to Trumpflation and Attack on Immigrants

Trump’s demolition of the American job market continues. Last week’s jobs report from the Bureau of Labor Statistics showed a stunning loss of 23,000 jobs in July: If there’s one thing an economy’s supposed to do, it’s add jobs. At least enough to absorb folks joining and re-joining the workforce — from school, raising kids, and (at least in former times) immigration. So a -23,000 month, like the U.S. economy had in July, is definitely going in …

July Job Report: Weak Job Growth and Slowing Wages

Photo by Hennie Stander The economy lost jobs for the first time since a weather-related drop in February. The unemployment rate edged down to 4.1 percent, but the decline was the result of people dropping out of the labor market in July. Employment as measured in the household survey fell by 87,000. Wage growth also slowed further to a year-over-year increase of 3.2 percent. That is down from a pace of more than 4.0 percent through 2023 and 202…

ASX set to rise after jobs report boosts Wall Street; Sunrise Energy in focus after Pentagon deal

Stocks rose on Wall Street and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month.