US unexpectedly loses 23,000 jobs in July despite President Donald Trump citing an economic revival
Donald Trump has unleashed a spate of policies aimed at reviving domestic manufacturing and curbing surging inflation but new figures show job growth has been declining since March.
Source excerpt
The United States has unexpectedly shed thousands of jobs, according to government data, despite President Donald Trump's claims he had led an economic revival in the country.
The world's largest economy lost 23,000 jobs in July, data published by the US Bureau of Labor Statistics (BLS) showed, signalling a potential weak labour market after months of steady growth.
The unemployment rate has remained relatively steady though at 4.1 per cent, likely a result of falling labour supply as the US economy grapples with an aging population and lower net migration.
Since taking office for his second term, Mr Trump has unleashed a spate of policies aimed at reviving domestic manufacturing and curbing surging inflation.
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