The latest jobs report revealed that the U.S. economy added just 73,000 jobs in July, far below expectations and signaling a significant slowdown in the labor market. This disappointing figure, accompanied by downward revisions in previous months, has raised alarms about potential recession and the impact of artificial intelligence on unemployment, according to analysts at JPMorgan. The weak data has intensified scrutiny on the Federal Reserve, with many speculating about a possible interest rate cut in response to the cooling job market. Critics of the current administration, including former Labor Secretary Trump, are voicing concerns that his trade policies may exacerbate the economic downturn. The overall sentiment suggests that the labor market may be running low on gas, with job openings also declining, as employers pull back on hiring amidst rising uncertainty.