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

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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.

The US economy added only 73,000 jobs (REUTERS)

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.

The health care sector saw the biggest number of job increases, accounting for 55,000 of the 73,000 jobs added, while social assistance jobs rose by 18,000.

-This is a breaking story. Check back for updates