<h1>US employers add 73,000 jobs; May and June payrolls revised down by 258,000; unemployment rises to 4.2%</h1> US employers added 73,000 jobs last month, with revised data showing significantly weaker hiring in May and June, reducing previous payroll figures by 258,000 jobs. The unemployment rate increased to 4.2%, and the labor force participation declined slightly. Job losses were notable in manufacturing, federal government, and administrative support sectors, while healthcare accounted for most job gains. The labor market slowdown is linked to higher interest rates, extensive tariffs on imports, and anticipated reductions in foreign workers due to immigration enforcement policies. The decline in job quitting rates suggests reduced worker confidence. These developments raise concerns about the economy amid ongoing trade policy changes and regulatory shifts.