August 8, 2025
Article from The Independent by Rachel Dobkin and Matt Ott
Article Synopsis
Continuing unemployment claims in the U.S. rose to 1.97 million in late July – the highest since November 2021 – while new weekly claims hit 226,000, slightly above forecasts. The uptick follows a weak July jobs report showing only 73,000 jobs added and major downward revisions to prior months, pushing the jobless rate to 4.2%. President Trump blamed and fired the Bureau of Labor Statistics commissioner over the figures, though economists point to his tariffs as a drag on hiring and economic momentum.
