US non-farm payrolls rise below expectations in July

The United States added only 73,000 non-farm jobs in July, falling short of market expectations, with the national unemployment rate ticking up slightly to 4.2 percent, according to data released by the Bureau of Labor Statistics (BLS), an agency of the U.S. Department of Labor, on Friday.

Meanwhile, employment figures for the previous two months were sharply revised downward.

Specifically, the number of new non-farm jobs added in May was revised from the previously announced 144,000 to merely 19,000, while June's figure was cut from 147,000 to 14,000.

Experts noted that the uncertainty stemming from the government's tariff policy has increased hesitation among American enterprises, further dampening hiring activity.

The U.S. labor market, they warned, is deteriorating at a rapid pace

US non-farm payrolls rise below expectations in July

US non-farm payrolls rise below expectations in July

US non-farm payrolls rise below expectations in July

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025