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President Trump's second term policies, including tariffs and spending cuts, are impacting the US economy. ADP reported a surprising 33,000 job loss in June, the first negative month in over two years, defying economists' expectations. While this doesn't always align with official government data, it suggests weakening hiring. The upcoming Department of Labor report is expected to show slower job growth and a higher unemployment rate. Economists attribute the slowdown to policy uncertainty and reduced hiring confidence, potentially impacting the labor market's resilience to future shocks.

Prepared by Christopher Adams and reviewed by editorial team.