American employers added only 73,000 jobs last month

American employers added only 73,000 jobs last month and the Ministry of Labor reviews showed that employment was much weaker than previously mentioned in May and June. The unemployment rate is marked up to 4.2 %.

The weak report is unexpectedly raises questions about the health and economy market health, as President Donald Trump pushes forward Reform of American trade policyImposing a huge tariff on imports from almost every country on Earth.

On Friday, the Ministry of Labor stated that the reviews shared 258,000 amazing jobs off the salaries of May and June.

The unemployment rate was up to 4.2 percent last month from 4.1 percent in June. The number of people in the workforce decreased – those who work and searching for work – last month, and arranged the unemployed by 221,000.

Manufacturers reduced 11,000 jobs last month after being watered 15,000 in June and 11,000 in May. The federal government, as the employment administration by the Trump administration, has lost 12,000 jobs. The jobs in management and support decreased by 20,000.

Healthcare companies added 55,400 jobs last month – representing 76 percent of added jobs in July, and offers another mark that the gains of recent jobs have been tightly focused.

The administration originally stated that government governments and local governments added 64,000 jobs in education in June. After Friday’s reviews, this number fell to less than 10,000.

The stock market fell to the news.

Poor job data makes Trump more likely to get one thing that he desires warmly: The reduction in interest rates in the short term by the Federal Reserve, which often leads to a decrease in real estate loan rates, auto loans and credit cards.

Federal Reserve Chairman Jerome Powell and other federal reserve officials have been repeatedly referred to a healthy labor market as a reason that they might take time to assess how Trump’s tariff affects inflation and the broader economy. Now the evaluation has been evaluated and will increase the pressure on the Federal Reserve to reduce borrowing costs.

Wall Street investors raised their expectations to reduce prices at the next meeting of the Federal Reserve Mourning in September after the report was issued.

On Wednesday, Federal Reserve Leave the key rate unchanged For the fifth consecutive meeting, Powell pointed to a little urgency to reduce rates any time soon. He said that the “labor market is strong” with “historically low unemployment.” But he also admitted that there was a “danger on the negative side” of the employment caused by the slow pace, which was clear even before the weakest numbers on Friday.

The current situation is a sharp reflection of the recruitment boom only three years ago when desperate employers were distributing signing bonuses and Entering advantages such as Fridays, the benefits of fertility Even pets insurance to recruit and preserve workers.

The influence on the labor market is the continuous effects of the higher interest rates used by the Federal Reserve to fight inflation; Trump’s huge import taxes, costs and uncertainty they impose on companies; And an expected decrease in foreign workers with the progress of huge deportation plans for the president.

The rate of people who leave their jobs – a sign of confident that they are able to land in something better – decreased from a record height in 2021 and 2022 and is now below the place where he stands before the epidemic.