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2025-08-01 20:43:18
[U.S. job growth has cooled sharply] According to foreign media reports, U.S. job growth has cooled sharply in the past three months, further proving that the labor market is shifting into low gear amid widespread economic uncertainty. The report released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by 73,000 in July, while jobs in the previous two months were revised down by nearly 260,000. The unemployment rate rose slightly to 4.2%. These data send a stronger signal that the labor market is not just slowing down. Not only has job growth cooled significantly and the unemployment rate risen, but it has also become more difficult for unemployed Americans to find jobs, and wage growth has basically stagnated. This poses further risks to the already emerging slowdown in consumer and corporate spending.
