Labor Market Weakens

WASHINGTON (AP) — U.S. employers added just 73,000 jobs last month and Labor Department revisions showed that hiring was much weaker than previously reported in May and June. . The unemployment rate ticked up to 4.2%. The deterioration in the job market occurs as companies are paralyzed with uncertainty over President Donald Trump’s erratic trade policies. The Labor Department reported that revisions shaved a stunning 258,000 jobs off May and June payrolls.