The economy has remained sturdy in recent months, defying fears of a downturn.
A jobs report to be released on Thursday will show whether a hiring slowdown continued in June as businesses weathered uncertainty surrounding President Donald Trump’s tariffs.
Key measures of the economy have proven resilient in recent months, defying fears of resurgent inflation and a possible economic downturn. Hiring has kept up a solid, albeit slower pace, humming along with less disruption than some economists anticipated.
Forecasters expect the United States to have added 110,000 jobs in June, which would mark continued growth but a dropoff from 139,000 jobs added a month earlier. Such performance amounted to a downshift from nearly 180,000 jobs created in the month before that.
The fresh data is set to arrive less than a week before a deadline established by the Trump administration for the completion of dozens of trade deals with countries facing the threat of so-called « reciprocal tariffs. »
So far, the White House says it has reached trade agreements with the United Kingdom and Vietnam, as well as a preliminary accord with China.
In recent weeks, Trump has dialed back some of his steepest tariffs.
