this post was submitted on 01 Aug 2025
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US employers slash hiring as Trump advances a punishing trade agenda (lemmy.ml)
submitted 20 hours ago by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world
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WASHINGTON (AP) — U.S. hiring is slowing sharply as President Donald Trump’s erratic and radical trade policies paralyze businesses and raise doubts about the outlook for the world’s largest economy.

U.S. employers added just 73,000 jobs last month, the Labor Department reported Friday, well short of the 115,000 expected.

Worse, revisions shaved a stunning 258,000 jobs off May and June payrolls. And the unemployment rate ticked higher to 4.2% as Americans dropped out of the labor force and the ranks of the unemployed rose by 221,000.

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[–] Blue_Morpho@lemmy.world 8 points 18 hours ago* (last edited 18 hours ago)

This is the last accurate jobs report in the US.

Trump will fire anyone who reports accurate numbers:

https://www.theguardian.com/us-news/live/2025/aug/01/donald-trump-trade-tariffs-latest-us-politics-live-news-updates