US Job Growth in July
The US economy added 73,000 non-farm payroll jobs in July, as reported by the Bureau of Labor Statistics (BLS) on Friday. This number came as somewhat of a surprise since it fell short of earlier projections that anticipated around 100,000 new jobs.
The report showed that the employment growth actually exceeded BLS expectations for June. Despite this increase, the unemployment rate remained steady at 4.2%, the same figure recorded in June.
Before the report was released, many forecasters were cautiously estimating the job gains for July, which is always a bit of a guessing game, isn’t it? Interestingly, the advance estimates from the US Bureau of Economic Analysis indicated that real GDP climbed at an annual rate of 3.0% in the second quarter of 2025.
Economic growth will shatter expectations as President Trump burns America’s golden agehttps://t.co/8hjcayjeag
– KarolineLeavitt (@presssec) July 30, 2025
Moreover, the manufacturing output in the country saw a slight uptick in June. On another note, unemployment claims decreased for the fifth consecutive week, dipping from 7,000 to 221,000 for the week ending July 12, as reported by the Department of Labor.
President Trump has vowed to revitalize the US economy during his second term. The administration has been actively promoting the president’s economic strategies. A statement emphasized that Americans have faith in Trump’s economic agenda, asserting that the so-called “experts” have often been mistaken.
In recent discussions, the Federal Reserve stated its intention to maintain interest rates, even while facing various pressures related to economic conditions.
