US Economy Adds 114,000 Jobs in July, Far Fewer Than Expected

While the jobless rate unexpectedly increased to its highest point in over three years, U.S. job creation abruptly stopped in July.

According to Labor Department data released on Friday, employers added 114,000 jobs in July, falling short of the 175,000 gain forecast by LSEG economists. In addition, the jobless rate unexpectedly increased to 4.3% from 4.1%, despite predictions that it would remain stable.

“It marked the highest level for the jobless rate since October 2021,” Fox Business reported.

“Temperatures might be hot around the country, but there’s no summer heatwave for the job market,” said ManpowerGroup North America president Becky Frankiewicz. “With across-the-board cooling, we have lost most of the gains we saw from the first quarter of the year.”

Another new survey is good news for former President Donald Trump after President Joe Biden dropped his re-election bid and endorsed Vice President Kamala Harris.

According to the CNN survey, 49 percent of respondents supported Trump, while 46 percent backed Harris. SSRS conducted the poll.

The poll was conducted among registered voters who had previously participated in CNN surveys in April and June, where Trump was leading Biden by 6 points.

Related Posts

MUST SEE: Shock Photo of Trump during Iran Operation Leaked…𝗦𝗲𝗲 𝗺𝗼𝗿𝗲

In the last 24 to 48 hours, the Middle East has entered one of the most volatile and consequential periods in modern history. A coordinated U.S.–Israeli military…

Beloved TV star passed away at just 53…𝗦𝗲𝗲 𝗺𝗼𝗿𝗲

Hollywood is known for its bright lights, soaring careers, and unforgettable performances, but it is also a place where losses are felt deeply and personally. This week,…

Man asks AI to take mask off man on doorbell camera at Nancy Guthrie…See more

The Nancy Guthrie disappearance case has captivated the public since the 84-year-old mother of NBC Today show co-anchor Savannah Guthrie vanished from her upscale Catalina Foothills home…

The vitamin the body lacks when legs and bones are painful Check 1st comment!

Leg and bone pain is frequently brushed aside as a normal part of aging, physical strain, or everyday fatigue, yet these explanations do not always tell the…

🚨Eight most dangerous US states to be in if WW3 breaks out…See more

As international tensions rise amid escalating conflicts in the Middle East, Eastern Europe, and the Pacific, the question Americans once considered unthinkable has resurfaced with startling force:…

Russia warns it will bring about the ‘end of the world’ if Trump…See more

A dramatic warning from Russia has intensified global anxiety after former President Donald Trump renewed rhetoric about U.S. control over Greenland, prompting sharp reactions from NATO allies…