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Job Growth Slows Amid Trump’s Trade Wars
Episode 1815
Published 9 months ago
Description
The U.S. job market added just 73,000 jobs in July, with unemployment ticking up to 4.2%. The Labor Department revised earlier job numbers for May and June downward by a combined 258,000. Economists point to fallout from President Donald Trump’s trade agenda, tariffs, and rising costs as factors slowing hiring. Healthcare led job growth while manufacturing and federal employment declined. Wall Street markets slid in response to the weak report.
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