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The Guardian - US

Business

Michael Sainato

US adds just 73,000 jobs in July amid pressure from Trump’s trade war

United States Donald Trump Jerome Powell US Federal Reserve

a person walking by storefront — A ‘now hiring’ sign is displayed on a shopfront on 21 October 2022 in New York City. Photograph: VIEW press/Corbis/Getty Images

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.

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