The labor market appears to be far weaker than previously thought, with huge downward revisions to May and June, losses in manufacturing, and a rising unemployment rate. | Economy
The Labor Department released its jobs report for July which showed the U.S. economy added 73,000 jobs last month amid uncertainty surrounding economic conditions.
U.S. employers added just 73,000 jobs in July, according to a report from the Labor Department Friday, as the unemployment rate inched up to 4.2%. Job gains for May and June were also revised sharply lower.
The American job market is deteriorating -- ever so slowly. It’s not showing up as widespread layoffs. The unemployment rate is still low. It’s subtler than that: New college graduates
The headline The economy added 73,000 jobs in July, and the unemployment rate rose a tenth of a percentage point to 4.2%, the Bureau of Labor Statistics reported Friday. Investors had expected roughly 108,000 new jobs and for the unemployment rate to tick up to 4.2%.
U.S. employers added just 73,000 jobs last month and Labor Department revisions showed that hiring was much weaker than previously reported in May and June. The unemployment rate ticked up to 4.2%.
The US job market slowed substantially in July and was much weaker than previously thought in previous months, suggesting President Donald Trump’s trade policy may be forcing employers to wait on the sidelines.
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U.S. economy added just 73,000 jobs in July as erratic Trump trade policies unsettle employers | Since Then
