Reported about 24 hours ago
The upcoming jobs report is anticipated to show a significant slowdown in hiring, with U.S. employers expected to add only 100,000 jobs in July, compared to 147,000 in June. This stagnation is attributed to the impact of President Trump's trade wars on the economy, which is causing uncertainty and affecting both business activity and consumer confidence. The unemployment rate may also rise slightly to 4.2%. Should this trend continue, it could prompt the Federal Reserve to consider cutting interest rates to stimulate the job market.
Source: YAHOO