US unexpectedly sheds 23,000 jobs in blow to Trump before midterms
The US economy unexpectedly shed 23,000 jobs in July, a setback for President Trump ahead of the midterm elections. Despite a series of policies aimed at reviving domestic manufacturing and curbing inflation, job growth has been declining since March.
The US economy unexpectedly shed 23,000 jobs in July, defying market expectations and dealing a political setback to President Donald Trump as the country heads toward midterm elections.
The Trump administration has rolled out a series of policies aimed at reviving domestic manufacturing and curbing surging inflation. New figures, however, show that job growth has been steadily declining since March.
Economists say the weakening labor market data could complicate the administration's economic narrative and increase pressure on policymakers in the coming months.
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