The U.S. added only 73,000 jobs in July and the unemployment rate stayed flat at 4.2 percent, according to data released Friday by the Labor Department.
The July jobs report showed the labor market stalling out as consumers and businesses navigated President Trump’s ever-evolving trade policies and steep new tariffs.
The report came in well below the expectations of economists, most of whom projected job gains of at least 100,000 in July, according to consensus estimates.
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