July Jobs Report: Labor Market Weakens
1. Payroll growth dropped to 73,000, mainly in health care. 2. Revisions showed previous months' growth overestimated, indicating weaker labor market. 3. Unemployment rose to 4.2%, labor force participation declined to 62.2%. 4. Tariffs and other policies are creating uncertainty and job loss. 5. Expectations for interest rate cuts may increase due to economic weakness.