U.S. Service Sector Growth Slows in July Amid Job Market Cooling and Tariff Pressures
In the United States, the service sector's performance in July has approached stagnation, raising concerns about the economy. Recent data indicates that the cooling job market and ongoing tariff pressures are affecting both business and consumer confidence.
As economic uncertainties grow, employers are less enthusiastic about hiring, leading to a slowdown in service sector growth. Analysts warn that if this trend continues, it could trigger a ripple effect on the overall economy.
