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flag US July jobs growth of 73,000 falls short, raising concerns over tariffs' economic impact.

flag The US economy added only 73,000 jobs in July, well below expectations and revisions to May and June data also showed fewer jobs. flag This slowdown in hiring, attributed partly to economic uncertainty from President Trump's tariffs, has the unemployment rate at 4.2% but the hiring rate at a 10-year low. flag The tariffs, set to take effect on August 7, have deepened tensions with trading partners like Canada and Mexico, leading to concerns about economic impacts and potential interest rate cuts by the Federal Reserve.

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