Business Rundown: Jobs Miss Expectations As Tariff Challenges Loom

August’s jobs report showed that the labor market is slowing, with only 22,000 jobs created–significantly fewer than the 75,000 expected.

The news about the sluggish job market comes as Wall Street and Main Street grapple with uncertain economic conditions and fresh questions about tariffs. A federal appellate court is throwing out most of President Trump’s tariffs, though the decision is on hold until mid-October, meaning tariffs are still being collected for now. The President hopes the Supreme Court will weigh in and uphold his tariff policies.

Gary Kaltbaum, president of Kaltbaum Capital Management and a Fox Business contributor, joins Fox Business’s Lydia Hu to break down the jobs report and explain why he thinks tariffs and other factors are making employers reluctant to hire.

Then, Lydia speaks with Jeffrey Schwab, senior counsel and director of litigation at the Liberty Justice Center, who is representing some of the small companies legally challenging the administration’s Trump policies. Schwab explains why the president’s implementation of his trade policy is unconstitutional and how those tariffs are harming his clients.