{"id":2641753,"date":"2026-08-07T10:02:34","date_gmt":"2026-08-07T14:02:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-fridays-jobs-report-means-for-the-economy-and-trump\/"},"modified":"2026-08-07T10:05:41","modified_gmt":"2026-08-07T14:05:41","slug":"what-fridays-jobs-report-means-for-the-economy-and-trump","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-fridays-jobs-report-means-for-the-economy-and-trump\/","title":{"rendered":"What Friday&#8217;s jobs report means for the economy and Trump"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhat-fridays-jobs-report-means-for-the-economy-and-trump%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2641753&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The July jobs report indicated the U.S. economy lost 23,000 jobs, with the unemployment rate slightly decreasing to 4.1%, presenting mixed overall news. A deeper analysis of recent trends shows that despite the slowdown, employment growth remains sufficient to outpace population increases and continue decreasing unemployment rates.The three-month moving average of job gains was 20,000, reflecting a meaningful deceleration but still indicating resilience in the labour market, partly due to reduced immigration leading to less competition for jobs. Prime-age employment (ages 25-54) remains near record highs. <\/p>\n<p>The data also show no signs of an imminent recession, as the unemployment rate has remained low and stable, with no indication of the Sahm Rule triggering a recession signal. Federal government employment has declined by about 327,000 since Trump took office, mainly due to reductions implemented during his administration. Conversely, manufacturing employment increased by 5,000 in July, though total manufacturing jobs have decreased by 62,000 during Trump\u2019s tenure, despite tariffs aimed at boosting domestic manufacturing. <\/p>\n<p>the leisure and hospitality sector has recently fallen below <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/atlanta-fed-president-defends-policy-says-inflation-is-a-sign-of-healthy-economy\/\" title=\"Atlanta Fed President defends policy, says inflation is a sign of healthy economy\">pre-pandemic employment levels<\/a>, losing 40,000 jobs in July.However, construction employment grew by 22,000, maintaining steady growth despite housing sector challenges due to high prices, mortgage rates, tariffs, and immigration policies. the labor market remains strong without clear recession signals, but certain <a href=\"https:\/\/amzn.to\/3YuVZYV\" >sectors face ongoing pressures<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">Friday\u2019s <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/jobs\/\">jobs report<\/a> for July showed the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4595838\/economy-jobs-may-iran-energy-crunch\/\">economy losing<\/a> 23,000 jobs and the unemployment rate edging down to 4.1%. <\/p>\n<p class=\"wp-block-paragraph\">The headline numbers were mixed news, overall.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4678328\/what-july-jobs-report-means-economy-trump\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>What Friday\u2019s jobs report means for the economy and Trump<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4678134\/mitch-mcconnell-released-rehabilitation-center-june-fall\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Mitch McConnell released from rehabilitation center after June fall<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4676742\/foie-gras-ban-dc-ballot-initiative\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Initiative to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/initiative-to-ban-foie-gras-in-dc-makes-it-onto-november-ballot\/\" title=\"Initiative to ban foie gras in DC makes it onto November ballot\">ban foie gras<\/a> in DC makes it onto November ballot<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">But a look at the details of the Bureau of Labor Statistics data and the trend over recent months can reveal the truth about the health of the economy under President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a>.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<h2 id=\"h-the-underlying-reality\" class=\"wp-block-heading\">The underlying reality<\/h2>\n<p class=\"wp-block-paragraph\">Job numbers can bounce around from month to month. That is why it is important to look at the trend over multiple months.<\/p>\n<p class=\"wp-block-paragraph\">With downward revisions to the numbers for May and June, the three-month moving average of job gains was 20,000 in July. <\/p>\n<p class=\"wp-block-paragraph\">That is a major deceleration, which is bad news. But it is still more than enough to keep up with population growth and to keep <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/unemployment\/\">unemployment<\/a> trending down. <\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/f83cc89c-74d3-420c-8aaa-90014e91aff1?src=embed&#038;embed_type=responsive_iframe\" title=\"July 2026 moving average payrolls\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4514535\/fridays-jobs-report-better-than-looks\/\">Only a few thousand jobs each month<\/a> are needed, thanks in large part to Trump\u2019s crackdown on illegal <a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.washingtonexaminer.com\/section\/policy\/immigration\/\">immigration<\/a>. <\/p>\n<p class=\"wp-block-paragraph\">Because fewer migrants are coming into the country looking for work, fewer people need and are taking jobs.<\/p>\n<p class=\"wp-block-paragraph\">Conversely, employment rates are high, showing the underlying strength of the labor market. <\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Prime-age employment, meaning for those between the ages of 25 and 54, has held near all-time highs. It rose in July.<\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/55e0e1fd-334e-4786-9074-ae8a2544652f?src=embed&#038;embed_type=responsive_iframe\" title=\"July 26 prime epop\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<h2 id=\"h-no-signs-of-a-recession\" class=\"wp-block-heading\">No signs of a recession<\/h2>\n<p class=\"wp-block-paragraph\">The most reliable warning sign for a recession is a fast rise in the unemployment rate. That is not happening. <\/p>\n<p class=\"wp-block-paragraph\">The unemployment rate, taken from the jobs report\u2019s household survey, is still low by historical standards. It has drifted upward in recent years, but only gradually. It dropped to 4.1% in July.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-4\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-4\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-25\" data-wex-ad=\"art-dsk-inart-4\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4678509\/economy-lost-jobs-july-falling-short\/\" data-type=\"link\" data-id=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4678509\/economy-lost-jobs-july-falling-short\/\">ECONOMY LOST 23,000 JOBS IN JULY, FALLING SHORT OF EXPECTATIONS<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">Friday\u2019s data suggests that the U.S.<strong> <\/strong>labor market is moving away from triggering one major recession indicator \u2014 namely, when the three-month moving average of the unemployment rate rises half a percentage point relative to its minimum point over the past year. This indicator, known as the Sahm Rule, has signaled the start of all post-war recessions.<\/p>\n<p class=\"wp-block-paragraph\">The indicator was triggered in mid-2024, but it is not signaling a recession right now.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-5\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-5\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-26\" data-wex-ad=\"art-dsk-inart-5\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/ec454116-f796-4f80-9bee-661eb0e8b631?src=embed&#038;embed_type=responsive_iframe\" title=\"July 2026 recession indicator\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<h2 id=\"h-federal-government-employment-has-dropped\" class=\"wp-block-heading\">Federal government employment has dropped<\/h2>\n<p class=\"wp-block-paragraph\">One factor holding back overall job growth is the Trump administration\u2019s reductions to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ten-border-patrol-agents-divulge-their-pick-to-replace-biden-border-chief-raul-ortiz\/\" title=\"10 Border Patrol agents reveal their choice for replacing Raul Ortiz as border chief under Biden.\">federal government workforce<\/a>. Trump officials maintain that cutting the federal government is good for the overall economy.<\/p>\n<p class=\"wp-block-paragraph\">Federal government employment dropped by 3,000 in July. It had been declining in recent months. It plunged in October thanks to the end of the \u201cdeferred resignation\u201d promoted by the Trump administration at the end of September. Federal employment is now down about 327,000 since Trump came into office. <\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.63% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/c2b90c93-d2b6-435a-a905-c05ed7dc750e?src=embed&#038;embed_type=responsive_iframe\" title=\"July 2026 Federal government employment\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<h2 id=\"h-but-manufacturing-employment-is-down-too\" class=\"wp-block-heading\">But manufacturing employment is down, too<\/h2>\n<p class=\"wp-block-paragraph\">Employment in manufacturing rose by 5,000 in July, adding to a recovery in recent months. <\/p>\n<p class=\"wp-block-paragraph\">Trump has said that his tariffs will reshore and boost domestic manufacturing. He\u2019s imposed tariffs on China and trading partners around the world, and on steel, aluminum, autos, auto parts, and a number of other goods and services. <\/p>\n<p class=\"wp-block-paragraph\">So far, though, the sector has lost 62,000 jobs during his time in office. <\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/0809b52d-2e0c-4dd0-baf3-bab586bdd23e?src=embed&#038;embed_type=responsive_iframe\" title=\"July 2026 manufacturing\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<h2 id=\"h-leisure-and-hospitality-job-growth-is-off-the-pre-pandemic-trend\" class=\"wp-block-heading\">Leisure and hospitality job growth is off the pre-pandemic trend<\/h2>\n<p class=\"wp-block-paragraph\">The leisure and hospitality sector has, over the past year, exceeded the employment levels it reached in February 2020, right before restaurants and bars were forced to shut down across the country. <\/p>\n<p class=\"wp-block-paragraph\">The sector lost 40,000 jobs in July and is now just barely above its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-dakota-lowers-unemployment-to-pre-pandemic-levels-after-state-rejected-lockdowns\/\" title=\"South Dakota Lowers Un... to Pre-Pandemic Levels After State Rejected Lockdowns\">pre-pandemic level<\/a> of employment. It is well off the pre-pandemic pace of hiring.<\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/2344bb69-f4b0-496d-9b46-6321cb8eaef3?src=embed&#038;embed_type=responsive_iframe\" title=\"July 2026 Leisure and hospitality\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<h2 id=\"h-construction-job-growth-has-held-up\" class=\"wp-block-heading\">Construction job growth has held up<\/h2>\n<p class=\"wp-block-paragraph\">Construction employment rose by 22,000 in July. <\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/a54acb29-1e5c-4734-809c-4205c65f7237?src=embed&#038;embed_type=responsive_iframe\" title=\"May 2026 Construction jobs\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\">Construction is a key sector to watch for signs of trouble in housing. The homebuilding industry has been at risk in recent years because of soaring prices and higher mortgage rates, which have kept some buyers on the sidelines. The sector is also under pressure from Trump\u2019s tariffs and his immigration overhauls. <\/p>\n<p class=\"wp-block-paragraph\">\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>July jobs report: 23K jobs lost, unemployment at 4.1%<\/p>\n","protected":false},"author":2844,"featured_media":2641754,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/08\/July-jobs.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[9168,5879,36995],"class_list":["post-2641753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economy","tag-friday","tag-jobs-report"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/08\/July-jobs.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2641753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2844"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2641753"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2641753\/revisions"}],"predecessor-version":[{"id":2641758,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2641753\/revisions\/2641758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2641754"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2641753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2641753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2641753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}