US added just 73,000 jobs in July amid slow payroll growth. What it means for the economy?

July saw a significant slowdown in U.S. job growth, with only 73,000 jobs added, and the unemployment rate edged up to 4.2%. Prior months' job gains were revised sharply downward by 258,000, indicating a weaker labor market than previously thought. Economists suggest stricter immigration enforcement and trade policies are contributing factors, potentially influencing the Federal Reserve's decision on interest rates.