US adds just 73,000 jobs in July amid pressure from Trump’s trade war
by Michael Sainato from Economics | The Guardian on (#6Z1P4)
July jobs growth slowed amid rising signs that Trump's tariffs are weighing on trade, prices and hiring
The US economy added 73,000 jobs in July, far lower than expected, amid ongoing concerns with Donald Trump's escalating trade war.
Forecasters surveyed by Bloomberg had predicted the July jobs report would show a drop in added jobs to about 109,000. The unemployment rate rose to 4.2% from 4.1% in June.
Continue reading...