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2025-08-01 20:55:47
[The US labor market is slowing down, and economic growth may be further suppressed] The US non-farm payroll report for July showed that employers continued to create jobs but reduced hiring, indicating that more companies are suspending expansion plans in response to economic uncertainty. The labor market has remained strong so far this year. However, the slowdown in job growth indicates that the cracks in the job market are deepening. Economists warn that chaotic tariff policies, immigration restrictions, and federal government layoffs may further suppress economic growth.
