US Economy adds just 73,000 jobs, far below expectations as Trump unveils global tariffs

The US economy added only 73,000 jobs in July, significantly below expectations as President Donald Trump resumes his global tariffs.

The Bureau of Labor Statistics released on Friday its report, which showed that the unemployment rate of 4.2 percent changed little.

The day before, Trump had announced a series of new tariffs after he had said that Friday would be the drop-dead date for them to resume.

In another significant, development, the bureau also downwardly revised the number of jobs added in May from 144,000 jobs to only 19,000 while it revised the number of jobs added in June from 147,000 to 14,000.