Hiring slowed in July as President Donald Trump's tariffs pinched the balance sheets of some major companies and reshaped the nation's trade relationships. The reading fell short of economists' expectations.

The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics. That figured marked a slowdown from 147,000 jobs added in the previous month. The July performance came in well below a monthly average of 130,000 jobs added so far this year.

The unemployment rate ticked up to 4.2%, keeping it at near-historic lows.

The fresh hiring data arrives days after a government report showed better-than-expected economic growth. U.S. GDP increased at a 3% annualized rate over three months ending in June, the report said.

Help wanted sign is displayed at a li

See Full Page