The Bureau of Labor Statistics said U.S. companies added fewer than half the number of new jobs created in June.
Economic news was mixed this week, with new job numbers coming in lower than expected, but positive data elsewhere undermining warnings that President Donald Trump’s trade, budget, and immigration policies would likely tank the economy.
On one hand, official data released Friday by the Labor Department showed businesses grappling with continued uncertainty over the president’s frequently shifting tariff plans created only half as many new jobs in July than they did in June. That slump contrasted earlier reports that economic growth had returned to nearly 2024 strength, while inflation had remained relatively low despite fears the administration’s latest announcement of global tariffs could still send prices soaring.
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