The July jobs report may reflect the growing impact of Trump’s immigration crackdown. Economists say the U.S. is expected to add just 109,000 jobs in July, down from 147,000 in June.

Sectors like agriculture, food manufacturing, and construction, which are heavily reliant on foreign-born workers, are taking the biggest hit. Immigration and Customs Enforcement (ICE) arrests have surged, and deportations are now at an annualised rate of 600,000.

Businesses are struggling to replace immigrant workers, even with higher wages. Restaurants are closing early, factories are cutting shifts, and overall job growth is slowing. The shrinking foreign-born labour force could drag U.S. economic growth down to 1%. It’s a labour shortage with lasting effects.