Economy added 73,000 jobs in July, as employers grapple with uncertainty

[Zincwarrior]

Unemployment rose to 4.2% last month, with just 73,ooo jobs added. What think you USMB?

https://www.washingtonpost.com/business/2025/08/01/jobs-report-july-unemployment/

U.S. employers added 73,000 jobs in July, reflecting slower growth amid uncertainty about the direction of the economy.

The unemployment rate edged up slightly to 4.2 percent, a relatively low level.

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“The jobs market is balanced right now, but it’s a delicate balance,” said Sarah House, senior economist at Wells Fargo.


While tariffs, high interest rates, stubborn inflation and federal government cuts have yet to sink the labor market into turmoil, signs of underlying weakness are growing.
Employers are hiring at close to the slowest pace in more than a decade, excluding the pandemic, according to a separate report released by the Labor Department this week. . Most other industries are stagnating or even losing jobs, making the labor market more vulnerable to shocks.

 

[Synthaholic]

Higher inflation, higher prices, less inspection on food, and fewer new jobs.

Told you so!

 

[Synthaholic]

 

[Synthaholic]

Maria Bartiromo on the May and June jobs reports being revised downward: "It's no wonder the market was down 300 points going into this number. Look at these revisions!"

 

[shockedcanadian]

You are adding jobs in the PRIVATE sector, not government jobs which you are cutting.

Canada would probably love to have this result in a year let alone a month. Most of our jobs are government driven it seems.

 

[Mac1958]

Not good, but not an indicator yet.

The Fed and the markets need to see the full effect of the tariffs before they settle on anything. From what most folks are saying, hopefully we'll know by mid October.

Dropping rates would have been a fairly easy call. Trump has taken that option away for now, with his tariff war on Planet Earth.

 

[Zincwarrior]

You are adding jobs in the PRIVATE sector, not government jobs which you are cutting.

Canada would probably love to have this result in a year let alone a month. Most of our jobs are government driven it seems.

You think Canadians would like increasing unemployment? Ok...

 

[Dekster]

Not good, but not an indicator yet.

The Fed and the markets need to see the full effect of the tariffs before they settle on anything. From what most folks are saying, hopefully we'll know by mid October.

Dropping rates would have been a fairly easy call. Trump has taken that option away for now, with his tariff war on Planet Earth.

With all the concurrent downward revisions of prior employment numbers it is looking like this has been going on ever since King Trump was anointed.

 

[DGS49]

The old rule of thumb was that you needed about 200k new jobs per month in order to maintain an acceptable level of employment. But one month is not a satisfactory basis for assessment.

 

[shockedcanadian]

You think Canadians would like increasing unemployment? Ok...

You added jobs, right? Our unemployment rate is approx. 7% "officially". Realistically it's probably 3x that number as they use every game possible to discount people.

It's a big racket in a corrupt nation of cults. There is a reason Trump can so easily jack up tariffs and isn't pressured to make a deal with us. We are collapsing under the weight of the S.I.C, just as East Germany did and his intelligence agencies know this.

 

[Mac1958]

With all the concurrent downward revisions of prior employment numbers it is looking like this has been going on ever since King Trump was anointed.

Trump obviously doesn't understand that markets and American businesses that import need stability and logic so that they can plan and see things clearly. It's even tougher when it's clear that the guy behind the wheel has absolutely no understanding of markets, global macroeconomics or even how normal, intelligent adults interact with each other.

He still thinks that THE OTHER COUNTRY pays the tariffs, for ****'s sake.

 

[Zincwarrior]

You added jobs, right? Our unemployment rate is approx. 7% "officially". Realistically it's probably 3x that number as they use every game possible to discount people.

It's a big racket in a corrupt nation of cults. There is a reason Trump can so easily jack up tariffs and isn't pressured to make a deal with us. We are collapsing under the weight of the S.I.C, just as East Germany did and his intelligence agencies know this.

If its going up do you think thats a good thing?

 

[Dekster]

Trump obviously doesn't understand that markets and American businesses that import need stability and logic so that they can plan and see things clearly. It's even tougher when it's clear that the guy behind the wheel has absolutely no understanding of markets, global macroeconomics or even how normal, intelligent adults interact with each other.

He still thinks that THE OTHER COUNTRY pays the tariffs, for ****'s sake.

That really is the crux of it. It doesn't matter if the tariffs are zero or 100%---businesses need them to be set in stone before they can plan for them.

 

[martybegan]

That really is the crux of it. It doesn't matter if the tariffs are zero or 100%---businesses need them to be set in stone before they can plan for them.

So never change anything or never try to fix anything because it may result in a short period of instability?

We've seen this twice already, and within a week or two the market calms down and things go back to where they were before, or even better.

 

[Synthaholic]

 

[Moonglow]

It's the Biden economy, so says Trump.

Trump says it's Biden's economy, but businesses and economists beg to differ

When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did.

apnews.com

 

[Mac1958]

That really is the crux of it. It doesn't matter if the tariffs are zero or 100%---businesses need them to be set in stone before they can plan for them.

I was just thinking this morning how glad I am that I sold my advisory and retired in 2022. I don't know WHAT the **** I would be telling my business consulting clients right now. I've spoken with a few of them, and they're just trying to hold things together, hoping that the madness ends soon. They're already seeing supply chains freeze up because costs are changing by the day.

But, as always, Trump is clueless on that stuff.

 

[MarcATL]

And Trump's reckless tariffs haven't even hit yet.

Buckle up America, we're in for a doozy!

 

[Synthaholic]

I love when Maria is forced, against her will, to be the adult in the room.

 

[justoffal]

Unemployment rose to 4.2% last month, with just 73,ooo jobs added. What think you USMB?

https://www.washingtonpost.com/business/2025/08/01/jobs-report-july-unemployment/

U.S. employers added 73,000 jobs in July, reflecting slower growth amid uncertainty about the direction of the economy.

The unemployment rate edged up slightly to 4.2 percent, a relatively low level.

Get a curated selection of 10 of our best stories in your inbox every weekend.


“The jobs market is balanced right now, but it’s a delicate balance,” said Sarah House, senior economist at Wells Fargo.


While tariffs, high interest rates, stubborn inflation and federal government cuts have yet to sink the labor market into turmoil, signs of underlying weakness are growing.
Employers are hiring at close to the slowest pace in more than a decade, excluding the pandemic, according to a separate report released by the Labor Department this week. . Most other industries are stagnating or even losing jobs, making the labor market more vulnerable to shocks.

You will be visited by friends today who recognize you as an asset. Try to keep positive and as always remain cautious. Later in the evening it is possible that the Sun May set. Don't let panic set in if it delays.