Los Angeles, California – The latest jobs report for July has brought concerning news for the US economy. Job growth totaled only 114,000, falling far short of economists’ expectations and leading to a rise in the unemployment rate to 4.3%. This significant slowdown in hiring has raised questions about the strength of the labor market and its ability to sustain economic growth.

Economists were surprised by the lackluster job growth figures, as they had predicted a much stronger showing for July. The disappointing numbers have fueled concerns about a potential economic slowdown in the near future, as job growth is often seen as a key indicator of overall economic health.

Federal Reserve Chair Jerome Powell has come under criticism following the release of the report, with many questioning the central bank’s recent decision to raise interest rates. Some experts argue that the Fed’s actions may have contributed to the weakening of the job market, potentially exacerbating the situation.

The July jobs report has also triggered a reliable recession indicator, according to analysts. This indicator, based on the relationship between short-term and long-term interest rates, has historically been a reliable predictor of economic recessions. The fact that this indicator has been activated has added to concerns about the outlook for the US economy in the coming months.

Overall, the latest jobs report paints a concerning picture of the US labor market. With job growth falling short of expectations and the unemployment rate on the rise, economists and policymakers will be closely watching for further signs of weakness in the economy. The coming months will be crucial in determining whether the current slowdown is a temporary blip or a more serious long-term trend.