Trump tariffs and immigration crackdowns are weighing heavily on the US labour market, with job creation slowing and participation falling, raising fresh questions about the economy’s direction ahead of the 2025 election.

US job growth slows to a crawl, labour market weakens

Trump sacking of the US stats chief and fresh tariffs sparked chaos in currency markets, as investors brace for a Fed pivot amid a weakening labor market.

Dollar plunges as weak US jobs data fuels bets on Fed rate cuts

The US unemployment rate is 6.3% but as the Federal Reserve chair, Jerome Powell, noted last month the real unemployment rate in the US is closer to 10%.

US: 75% households don't have enough food

The U.S. economy gained a whopping 4.8 million jobs in the month of June, bringing the unemployment rate to 11.1 percent

U.S economy gains 4.8 million jobs in June