The situation in the U.S. job market is worsening, new data shows

• 115,000 new jobs are expected to be created in July.
• The unemployment rate may rise to 4.2%.
• Hiring problems continue due to a labor shortage in the economy.

The job market in the U.S. demonstrates signs of weakening. According to forecasts, 115,000 new jobs were created in July, which is a significant decrease compared to 147,000 in June. At the same time, the unemployment rate is likely to increase to 4.2%, up from 4.1% in June.

According to data from the Bureau of Labor Statistics, for the first half of the year, the average number of new jobs created was around 130,000 per month, which is the lowest figure since 2010, not accounting for the pandemic. This indicates that the job market cannot ensure a sufficient number of jobs to support economic growth.

The situation is compounded by high interest rates introduced by the Federal Reserve to combat inflation. Many companies are struggling to attract new employees due to labor shortages linked to tariffs and immigration policies of the Trump administration.

Considering these factors, some economists suggest that the job market may gradually weaken, but without massive layoffs. For instance, the unemployment rate in the healthcare sector remains extraordinarily low, but young people and those looking to re-enter the workforce face difficulties in finding jobs.

Recent data confirms that the number of job vacancies decreased in June, while hiring activity reached a seasonal minimum. This also corroborates data on the increasing number of those who are losing hope of finding work.

Tags: USA/Economy