US Labor Secretary 'Positive' After July Jobs Report

Job Market Overview - The US saw almost half a million new jobs created since the president took office [1] - Job gains were primarily seen in health care and construction sectors [1] - All job gains have been among native-born workers [3] - Strong job growth has occurred at 39% over the last year [9] - 84% of job growth has been in the private sector [12] Policy and Economic Impact - The administration emphasizes the positive impact of trade deals and tariff deals on American businesses [2] - The completion of "one big beautiful bill" is expected to stimulate investments [3] - The administration aims to lower interest rates to encourage business investment [7] - Deregulatory actions are being pursued to modernize, streamline, and cut costs for businesses; 63 deregulatory actions were issued in the first six months [22] Sector-Specific Concerns - There are concerns about downward revisions of 258,000 jobs over the last couple of months and only 73,000 jobs added recently [5] - Manufacturing has shed 11,000 jobs recently and 28,000 jobs over the past six months [15]