US job market stalled in July as employers cut 23,000 jobs, delivering political setback to Trump
- U.S. employers cut 23,000 jobs in July, unexpectedly stalling the job market.
- Labor Department revisions reduced payrolls by 103,000 jobs for May and June.
- The unemployment rate fell to 4.1% due to a decrease in labor market participation.
- Local public schools cut 50,000 jobs, while restaurants and bars cut 26,000 jobs.
- Average hourly pay increased by 3.2%, the smallest year-over-year gain since May 2021.
The U.S. job market unexpectedly stalled in July as employers cut 23,000 jobs, marking a significant setback for President Trump ahead of the midterm elections. The Labor Department also revised previous payroll numbers, cutting 103,000 jobs from May and June. Although the unemployment rate fell to 4.1%, this decline was attributed to a significant number of Americans leaving the labor market rather than new job creation.
Public schools were particularly affected, cutting 50,000 jobs, while restaurants and bars reduced their workforce by 26,000. Despite these losses, there were gains in construction and manufacturing, with 22,000 and 5,000 new jobs added, respectively. However, the overall job losses have raised concerns about the health of the labor market.
The Federal Reserve is facing challenges in deciding whether to raise interest rates to combat inflation, as the July jobs report may cause policymakers to reconsider their approach. Wage growth remained modest, with average hourly pay increasing by only 3.2% compared to the previous year, the smallest increase since May 2021. This situation adds pressure on American families already struggling with high living costs.
美国就业市场在7月停滞，雇主裁员23,000人，给特朗普带来政治打击
美国就业市场在7月意外停滞，雇主裁员23,000人，这对特朗普总统在中期选举前造成了显著打击。劳动部还修订了之前的就业数据，将5月和6月的就业人数减少了103,000个。尽管失业率降至4.1%，但这一下降归因于大量美国人退出劳动市场，而非新职位的创造。
公立学校受到特别影响，裁减了50,000个职位，而餐馆和酒吧则减少了26,000个员工。尽管有建筑和制造业的新增职位，分别增加了22,000和5,000个，但整体就业损失引发了对劳动市场健康状况的担忧。
美联储在决定是否提高利率以应对通货膨胀时面临挑战，因为7月的就业报告可能会使政策制定者重新考虑他们的做法。工资增长保持温和，平均时薪同比仅增长3.2%，是自2021年5月以来的最小增幅。这种情况给已经面临高生活成本的美国家庭带来了更大压力。