US Job Growth Slowed In July

The U.S. economy added 73,000 nonfarm payroll jobs in July, according to data released Friday by the Bureau of Labor Statistics (BLS).

July’s jobs report came after job growth beat expectations in June, the BLS reported. Meanwhile, the unemployment rate changed little in July at 4.2%, up from 4.1% in June, according to the BLS.

Ahead of Friday’s jobs report, forecasters projected that the U.S. economy added about 100,000 jobs in July. The jobs report comes after U.S. real gross domestic product (GDP) increased at an annual rate of 3.0% in the second quarter of 2025, according to advance estimates released by the U.S. Bureau of Economic Analysis (BEA) on Wednesday.

Additionally, the nation’s manufacturing output also increased slightly in June. Similarly, U.S. jobless claims for the week ending July 12 fell by 7,000 to 221,000, marking the fifth straight week of decline, the Department of Labor reported on July 17.

President Donald Trump has vowed to revive the U.S. economy during his second term. The White House has touted the president’s economic policies during his second term, with White House Press Secretary Karoline Leavitt writing in a statement Wednesday that “Americans trust in President Trump’s America First economic agenda that continues to prove the so-called ‘experts’ wrong.”

On Wednesday, the Federal Reserve announced that it would continue to hold interest rates steady despite facing mounting pressure from Trump to cut rates.