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US unexpectedly loses jobs in July, in blow to Trump’s economy claims

Global - Asia Archived August 7, 2026
US unexpectedly loses jobs in July, in blow to Trump’s economy claims
The US economy unexpectedly lost 23,000 jobs in July, government data showed, a blow to US President Donald Trump’s claims of leading an economic revival as his Republican Party gears up for crucial midterm elections..
The unemployment rate in the world’s largest economy ticked down to 4.1 per cent, according to data published on Friday by the US Bureau of Labor Statistics.
Since taking office for his second term, Trump has unleashed a spate of policies aimed at reviving domestic manufacturing...
Source: South China Morning Post | https://www.scmp.com/rss/91/feed - Read Original
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