US EditionThe US job market may be running low on gas
UNITED STATES, JUL 31 – US job growth slowed to an average of 130,000 jobs per month through June amid trade war uncertainty and a 29% rise in layoffs in July, analysts say.
- Ullrich said, `really, it just shows a very soft job market,` indicating recent data reflect weak hiring; specific figures are not mentioned in the source.
- In recent months, businesses have held back on hiring amid tariff uncertainty in President Donald Trump’s trade war, contributing to a slowdown in job growth.
- Latest federal data show that earlier this week, in June, job openings fell to a one-year low, indicating labor market weakness.
- Layoff trackers showed one layoff in July, remaining near historic lows, with average hourly earnings rising by 0.3 percent to $36.44.
- Looking ahead, economists note uncertainty on tariffs may hinder policy decisions, with Bowman warning that delay `could result in a deterioration in the labor market and a further slowing in economic growth.
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Watauga Democrat+14 Reposted by 14 other sources
Cracks emerge in US jobs market as Fed officials sound warning
The US employment market is showing weakness as companies grappled with President Donald Trump's sweeping tariffs, government data showed Friday, while two central bank officials warned on labor risks in the world's biggest economy.
·Calhoun, United States
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Coverage Details
Total News Sources24
Leaning Left4Leaning Right1Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 29%
C 64%
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