House Majority Whip Tom Emmer claimed the U.S. economy is rebounding despite disappointing job growth in July, which saw only 73,000 jobs added. The Bureau of Labor Statistics revised earlier job figures downward, showing 258,000 fewer jobs added in May and June. Emmer referenced a recent Republican spending package, which he believes provides economic clarity, contributing to his optimistic outlook. This legislation extends tax cuts and is projected to reduce Medicaid spending significantly. A Marist poll reveals inflation and tariffs as major concerns for Americans, with a large percentage worried about their financial security.
The U.S. economy added just 73,000 jobs in July, with revisions indicating 258,000 fewer jobs added in May and June than initially reported.
Emmer stated that the economy is starting to come roaring back, citing the Republican spending package signed into law by Trump as a pivotal factor.
The legislation extends the 2017 tax cuts and is expected to cut $911 billion from Medicaid over the next decade.
A Marist poll indicated that inflation and Trump's tariffs are top economic concerns for Americans, with many voicing significant worries about their financial impacts.
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