The Bureau of Labor Statistics reported earlier on Friday that the US had added 73,000 jobs in July, far lower than expected.

The labor market slowed sharply over the past three months amid ongoing concerns over President Donald Trump's tariff policies.

The data come after economists have expressed concern that the Trump Administration’s flip-flopping tariff policies and sweeping layoffs at federal agencies could slow economic growth. Some Democratic lawmakers slammed the Administration upon the release of the Labor Department’s report.