"Despite the healthy job gains overall, there are signs of weakness especially in the manufacturing sector. Factories cut another 7,000 jobs last month after cutting a similar number the month before."
"The tariff mess has utterly stopped sales globally and domestically. Everyone is on pause. Orders have collapsed."
In June, U.S. employers added 147,000 jobs, maintaining a solid hiring pace, which may influence the Federal Reserve's decision on interest rates. The unemployment rate decreased to 4.1% as 130,000 individuals left the workforce. Job gains were noted primarily in health care and state/local government, while the manufacturing sector saw a loss of 7,000 jobs, attributed to President Trump's tariffs. Fed chairman Jerome Powell indicated that consistent job growth suggests a cautious approach to rate cuts.
Read at www.npr.org
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