The U.S. job market is showing signs of stagnation, with the latest employment data revealing a slowdown in hiring and downward revisions to previous months' figures. Employers added only 19,000 jobs in May and 14,000 in June, according to a research note from EY-Parthenon Chief Economist Gregory Daco. The data reflects a broader uncertainty in the economy, fueled by on-again, off-again tariffs and the impact of new GOP tax policies. While some sectors, like health care and social assistance, added jobs, others, such as manufacturing, saw job losses. President Trump has claimed the jobs report was manipulated for political purposes and fired Bureau of Labor Statistics Commissioner Erika McEntarfer. However, experts argue that the data is the result of meticulous work by government statisticians. Uncertainty around Trump's tariffs has led businesses to delay investment and hiring decisions. Federal Reserve Bank of Cleveland president Beth Hammack noted that many companies are struggling to decide when and how much to invest. Some have even scaled back plans for expansion. The manufacturing sector, in particular, has been hit hard, with 11,000 jobs lost in July. This challenges Trump's promise to revive manufacturing jobs through tariffs, as increased costs for imported materials like steel and aluminum have pressured manufacturers' margins. Economists warn that without greater certainty on tariffs, the weak hiring environment could lead to layoffs. As the administration moves forward with its trade policies, the path to a recovery in the job market remains uncertain.