What to Know • The disappointing jobs numbers showed Trump’s policies are taking a toll on the labor market. Also worrisome is the revised data for June shows the economy shed 13,000 jobs — the first net loss of jobs since December 2020 when the country was in the depths of the pandemic. • When the department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. • President Donald Trump plans to sign an executive order today to rebrand the Department of Defense as the Department of War. • The Department of War was created in 1789, the same year that the U.S. Constitution took effect. It was renamed by law in 1947, two years after the end of Wor

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