{"id":847058,"date":"2026-08-07T18:16:19","date_gmt":"2026-08-07T18:16:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/847058\/"},"modified":"2026-08-07T18:16:19","modified_gmt":"2026-08-07T18:16:19","slug":"us-unexpectedly-loses-23000-jobs-in-july-despite-president-donald-trump-citing-an-economic-revival","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/847058\/","title":{"rendered":"US unexpectedly loses 23,000 jobs in July despite President Donald Trump citing an economic revival"},"content":{"rendered":"

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Since taking office for his second term, Mr Trump has unleashed a spate of policies aimed at reviving domestic manufacturing and curbing surging inflation.<\/p>\n

\"Trump<\/p>\n

The United States has unexpectedly lost thousands of jobs, despite President Donald Trump claiming he had led an economic revival in the country. (Reuters: Evelyn Hockstein)<\/p>\n

But based on the new figures, job growth hit a peak in March before declining in the next three months and entering negative territory in July.<\/p>\n

In addition to the loss of jobs in July, the BLS revised down job growth in the previous two months by 103,000.<\/p>\n

Analysts had expected further job growth, with economists polled by Dow Jones Newswires and the Wall Street Journal expecting 83,000 new jobs to be added in July.<\/p>\n

The decline and revisions to the previous months will spark concern that the labour market may not be as strong as was previously reported.<\/p>\n

Employment declined in the local government education and retail trade sectors, while it continued to grow in healthcare with more Americans aging and requiring medical assistance, the BLS statement said.<\/p>\n

\"A<\/p>\n

Employment in health care grew with more Americans aging and requiring medical assistance. (Unsplash<\/a>: Frederick Medina<\/a>)<\/p>\n

Retail trade lost 19,000 jobs, with employment declining in warehouse retailers and general merchandise stores.<\/p>\n

Employment in the financial activities sector continued its downward trend, losing 14,000 jobs.\u00a0<\/p>\n

State of economy to be a key issue at midterm elections<\/p>\n

But Republicans will be tested in November’s midterm elections, with the state of the economy a key issue for Democrats who are seeking to wrest back control of both houses of Congress.<\/p>\n

The data released on Friday will also pose a question to the US Federal Reserve, which has been signalling it was preparing for a rate hike later this year.<\/p>\n

Policymakers at the US Federal Reserve watch the labour market closely, as their dual mandate requires the Fed to deliver maximum employment while ensuring inflation remains at a long-term target of two per cent.<\/p>\n

Last month, the Fed held interest rates steady, but three regional Fed presidents dissented in favour of a rate hike.<\/p>\n

Markets in Europe gained ground and markets in Asia were mixed.<\/p>\n

AFP<\/p>\n","protected":false},"excerpt":{"rendered":"The United States has unexpectedly shed thousands of jobs, according to government data, despite President Donald Trump’s claims…\n","protected":false},"author":2,"featured_media":847059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,2490,164,88736],"class_list":["post-847058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-donald-trump","tag-economy","tag-us-unemployment-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/847058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=847058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/847058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/847059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=847058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=847058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=847058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}