Summary
Last month, U.S. employers added 73,000 jobs, which is less than experts expected. The unemployment rate increased to 4.2% as more people left the workforce. Economists say trade policies and tariffs are affecting job growth.
Key Facts
- U.S. employers added 73,000 jobs last month, below the expected 115,000.
- Revisions removed 258,000 jobs from May and June figures.
- The unemployment rate increased to 4.2%.
- The number of unemployed people rose by 221,000.
- Tariffs and trade policies by President Trump are linked to the slowdown.
- Manufacturers cut 11,000 jobs in July.
- The federal government lost 12,000 jobs last month.
- Healthcare companies added 55,400 jobs, making up most of the new jobs.
