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Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market as President Donald Trump ramps up tariffs.Job growth totaled a seasonally adjusted 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000, the Bureau of Labor Statistics reported Friday. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.At the same time, the unemployment rate rose to 4.2%, in line with the forecast.The June total came down from the previously stated 147,000, while the May count fell to just 19,000, revised down by 125,000.Stock market futures fell further after the news while Treasury yields also were sharply lower."This is a gamechanger jobs report," said Heather Long, chief economist at Navy Federal Credit Union. "The labor market is deteriorating quickly."The weak report, including the dramatic revisions, could...

(Image credit: Getty Images)Historically, "when is the next jobs report" hasn't been a burning question when the economy is expanding and the unemployment rate is sitting well below 5%.But a market desperate to discount the pace of Federal Reserve rate cuts amid sticky inflation has made the nonfarm payrolls report a tent-pole event for forecasting monetary policy.That's especially true now that the labor market has cooled down. Employment showed only moderate growth in November, rising by 64,000, while August and September's numbers were revised lower by a collective 33,000. October's figures were muddied by the government shutdown. The fact that the gains were overwhelmingly driven by the health care and social assistance sectors is worrisome. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal...

The US jobs market stalled over the summer, adding just 22,000 jobs in August and continuing a slowdown in the labor market as businesses adjusted to disruptions caused by tariffs.The latest jobs report also contained more bad news. The US lost 13,000 jobs in June, according to the latest survey, the first time it went into the negative since December 2020.The unemployment rate for August inched up to 4.3%, the highest it has been since 2021.The healthcare sector added 31,000 last month but most other sectors were flat or lost jobs.Chart of US jobsThe report highlighted worrying trends: Federal employment dropped 15,000 jobs in August, totaling 97,000 jobs lost since January. Manufacturing jobs went down by 12,000 in August and have tumbled 78,000 for the year. The racial unemployment gap widened in August. Black Americans are seeing an unemployment rate of 7.5%, compared to 6.1% last August. The unemployment rate for White Americans is...

It's getting harder to find work in the United States. U.S. businesses added just 22,000 jobs from July to August, according to the Bureau of Labor Statistics, and massive revisions to federal jobs data show that the pace of hiring was notably low in summer 2025. "Gone are the days of 200,000 jobs every month," said Gregory Daco, chief economist at consulting firm EY-Parthenon. "We're likely to be in an environment where job growth is hovering around zero, essentially."Experts said the slowdown in hiring is most potent for younger workers. That cohort is also entering the job market as companies experiment with artificial intelligence. The confluence of this technology and a rapidly evolving policy environment in Washington are limiting options for many people early in their careers."If we think about how AI models are trained, they just learn from the textbook knowledge or well-written information. Those are what the entry-level workers are good at," said Ruyu Chen, a researcher at Stanford.Software...

USA outsources over 300,00 jobs every year, and 68% of these companies now send work overseas to cut costs. An even more surprising fact is that 92% of G2000 companies have active IT outsourcing contracts, and 96% of executives rely on external providers for analytics. We have covered the latest facts and figures about outsourcing, including its adoption, the reasons companies cite for outsourcing, its challenges and benefits, and more in-depth information. Let us get right into it! Outsourcing Statistics 2026: At A Glance  Approximately 300,000 jobs are outsourced from the United States each year Most US businesses (66%) outsource at least one department. 92% of G2000 companies use IT outsourcing. Around 37% of small businesses outsource to stay competitive. 57% of businesses outsource their work to increase productivity.  About 59% outsource to reduce costs and focus on core tasks. US Outsourcing Statistics The outsourcing of services in the United States has steadily increased over the past few years. Most American businesses outsource their services to countries with lower labor costs.  Here...

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Artificial intelligence is often portrayed as a job killer, but new  research tracking AI adoption from 2010 to 2023 paints a more nuanced picture: AI’s impact is often on specific tasks within jobs rather than on whole occupations. A new study co-authored by MIT Sloan associate professor Lawrence Schmidt found that when AI can perform most of the tasks that make up a particular job, the share of people in that role within a company falls by about 14%.But when AI’s impact is concentrated in just a few tasks within a role — leaving other responsibilities untouched — employment in that role can grow. The reason? With some of their tasks automated, workers can focus on activities where AI is less capable, such as critical thinking or coming up with new ideas.Even workers in high-wage roles heavily exposed to AI — positions near the top of the pay scale — saw their share of total employment...

Early in his second presidency, Donald Trump’s imposition of tariffs was met with widespread scepticism. Critics warned of economic decline and a global backlash. Yet the current landscape for the United States paints a more complex picture. Less than a year into his second term in office, the White House claims that Trump is bringing manufacturing back to the US. It also proclaims that Trump has secured trillions of dollars of foreign direct investment (FDI) in 2025 alone. Other voices, however, estimate that these commitments will amount to just a fraction of that. So what’s the true picture? Much of this FDI is going into the US’s burgeoning semiconductor sector. This inward investment is indeed a stark reversal from the post-1991 trend of outbound American capital, when US firms raced to set up factories in countries where it was cheaper to manufacture. And the surge is bolstered by commitments of US$300 billion (£225 billion) in capital investment commitments from tech giants like...