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2025-08-01 20:34:33
[Unfortunate employment data: Are cracks emerging in the US economy?] ⑴ Data from the US Department of Labor showed that 73,000 new jobs were added in July, below the 100,000 economists had expected. ⑵ The unemployment rate rose slightly from 4.1% to 4.2%. ⑶ Although the number of new jobs fell short of expectations, some analysts believe that the monthly number of new jobs needed to maintain a stable US labor market has fallen to approximately 86,000 due to factors such as reduced immigration. ⑷ Therefore, the 73,000 figure may not be entirely weak. ⑸ The market currently has two divergent views on the direction of the economy. One view is that the economy is resilient and the impact of tariffs has not yet been fully transmitted. ⑹ The other view is that cracks are emerging in the economy, with consumers becoming more price sensitive, especially young consumers, who are reducing discretionary spending. ⑺ UBS's chief US economist stated that everyone is trying to understand where the economy is headed. ⑻ Despite the weak employment data, senior researchers at the Labor Market Research Institute believe that most major indicators have remained stable since last fall.
