US Labor Market Cracks Widen: Job Growth Stalls at 73,000, Unemployment Rises to 4.2% | Massive 258K Downward Revisions | Fed Rate Cut Probability Surges
US Labor Market Cracks Widen: Job Growth Stalls at 73,000, Unemployment Rises to 4.2% | Massive 258K Downward Revisions | Fed Rate Cut Probability Surges Key Takeaways Stalled job growth : July added just 73K jobs with massive downward revisions erasing 258K prior jobs . Unemployment rise : Rate climbed to 4.2% amid shrinking labor force participation . Fed pressure : Weak data spiked September rate cut odds to 81% . Sector collapse : Healthcare dominated hiring while manufacturing, services bled jobs . Policy whiplash : Trump’s tariffs and immigration raids choked labor supply and business planning . The Brutal Numbers The Labor Department’s report hit like a sucker punch. July added 73,000 jobs, below the 110,000 forecast. But the real damage hid in the revisions. May’s gains got slashed from 144,000 to 19,000. June? 147,000 down to 14,000. That’s 258,000 jobs vanished overnight . Three-month job averages plummeted to 35,000 monthly, weakest since 2010 outside pandemic freefall . Une...