The U.S. economy added only 73,000 jobs in July, below expectations and well below the previous month’s gains.

By Aniket Chakraborty

Aug 2, 2025

Arrow

WORLD NEWS 

Arrow

Job growth fell far short of the 100,000 forecast, with major revisions to previous months’ numbers—down by 258,000.

2

Arrow

The unemployment rate rose to 4.2%, signaling possible trouble signs for the labor market.

3

Arrow

Despite the weak numbers, wage growth continued, with average hourly earnings up by 0.3% and a yearly gain of 3.9%.

4

Arrow

Healthcare led job growth with 55,000 new positions, while retail and finance sectors showed modest gains.

5

Arrow

The federal government saw a decline of 12,000 jobs, a part of ongoing job cuts in the public sector.

6

Arrow

The report’s revisions and weak data raised expectations for a Federal Reserve interest rate cut in September.

7

Arrow

Federal Reserve President Raphael Bostic highlighted concerns about the slowdown but noted the lack of certainty in future trends.

8

Arrow

The labor force participation rate dropped to 62.2%, the lowest since November 2022, suggesting a shrinking workforce.

9

Trump responded with criticism, demanding the Federal Reserve lower interest rates more aggressively, calling Chairman Jerome Powell a “disaster.”

10