June Jobs Report Misses Expectations: Is the U.S. Labor Market Losing Steam?

June's jobs report came in below expectations, raising fresh questions about the strength of the U.S. labor market and the broader economy. CGTN's Sean Callebs spoke with Louis D. Johnston, Professor of Economics and the Liberal Arts at the College of Saint Benedict and Saint John's University, about what the latest employment data reveals, why hiring is slowing, how tariffs and uncertainty are affecting businesses, and what it could mean for consumers and the Federal Reserve moving forward.

TIMESTAMPS: 0:00 June jobs report shocks economists 0:13 Why consumers are spending less 0:54 The "low hire, low fire" economy explained 1:17 How tariffs and uncertainty are slowing hiring 2:18 Why workers are staying put 3:27 Consumer confidence hits the labor market 3:58 How AI is changing hiring decisions 5:01 Will AI replace retiring baby boomers?

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