In July, only 73,000 positions were created, well below expectations. Impact of tariff war and anti -immigration policies.
The creation of employment in USA It slowed down more than expected in July, with 73,000 new positions, to which the downward review of the June data was added, which points to a Strong moderation in the labor market of that country.
The Labor Statistics Office of the Labor Department He informed Friday that non -agricultural payrolls increased by 73,000 jobs last month, when the projections were 176,000 jobs.
In addition, a decreased downward of 14,000 jobs in June was communicated, while the Unemployment rate rose to 4.2% from 4.1% in June.
The news about this especially sensitive indicator to measure the pulse of the US posteria policy Federal Reserve (Fed) maintained its reference interest rate between 4.25% and 4.50%.
In his comments, from the president of the Federal Reserve, Jerome Powellhe described the labor market and in balance because both supply and demand are decreasing simultaneously, although he acknowledged that this dynamic “suggests a downward risk.”
The growth of employment has slowed to uncertainty about where the tariff levels imposed by the president will finally be established Donald TrumpReuters recalled. On Thursday, the Republican imposed strong tariffs on dozens of commercial partners before the deadline of this Friday.
The complex panorama for the US labor market is completed with The anti -immigration measures of the White House, which have reduced the labor offer and accelerated retirement of the so -called “baby boomers.”
The reduction of migratory flows implies that the economy now needs to create approximately 100,000 jobs per month or less to stay at the rate of population growth, according to economists’ estimates.
Source: Ambito
