US economy loses 23,000 jobs
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While a weaker labor market suggests potential cracks in the U.S. economy, it also could keep the Federal Reserve from hiking interest rates in September.
U.S. economic growth slowed amid a widening in the trade deficit, but consumer spending and business investment pointed to underlying strength.
The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth.
The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose.
Episode 306 of the Investopedia Express with Caleb Silver (August 3, 2026)
Treasury Secretary Scott Bessent said he was "sick of hearing" about America's "K-shaped" economic divide.
The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of doing business. Companies responded by keeping a lid on hiring.