US EditionIn rejecting the jobs report, Trump follows his own playbook of discrediting unfavorable data
UNITED STATES, AUG 5 – President Trump fired the Bureau of Labor Statistics commissioner after July’s report showed just 73,000 jobs added and revisions cut 258,000 jobs from prior months, alleging data manipulation.
- On Friday, the Bureau of Labor Statistics released its July nonfarm payroll report showing only 73,000 jobs added and revisions erased 258,000 positions, falling short of analysts' expectations.
- Labor Department experts, not the commissioner, produced the initial data for July, following established guidelines, as Commissioner Erika McEntarfer did not unilaterally decide the figures.
- Bill Beach noted the timing and scale of past data revisions, with the commissioner only seeing data on Wednesday before release and revisions reaching 500,000 jobs during Trump's first term.
- Following the report, President Donald Trump fired Erika McEntarfer minutes after the data release, accusing the bureau’s data of being 'rigged,' and media criticism surged.
- The next Federal Reserve Open Market Committee decision is scheduled for September 17, and Goldman Sachs Chief Economist Jan Hatzius says a rate cut is 'very, very likely.
59 Articles
59 Articles
This new report is a mortal threat to a desperate Trump
On Friday, Donald Trump did something that alarmed economists around the world—and even many Republicans in Congress—by firing the commissioner of labor statistics, Erika McEntarfer, hours after a very weak jobs report and revisions from the Bureau of Labor Statistics that showed the previous month...
Maggie Haberman Says Trump Believes His Own Falsehoods on Jobs Numbers: ‘He Has Convinced Himself’
CNN’s Maggie Haberman said she believes President Donald Trump has managed to convince himself that the underwhelming jobs numbers released last week were “faked,” despite zero evidence supporting the claim. Trump fired the commissioner of the Bureau of Labor Statistics last week after the agency reported the economy added just 73,000 jobs in July, and revised downward the number of jobs added in May and June. The job gains from those two months…
Fact check: Trump’s claim that pre-election jobs revisions helped Dems
President Donald Trump alleged on Monday that the Bureau of Labor Statistics’ employment data revisions last year favored Democrats, although the pre-election revisions appear to have hurt Democrats. In a surprise move on Friday, Trump announced he had fired BLS Commissioner Erika McEntarfer. The announcement came just hours after a worse-than-expected monthly jobs report that included major downward revisions. The July jobs report revealed that…
Trump’s reaction to the jobs report follows a familiar playbook of discrediting unfavorable data
When the coronavirus surged during President Donald Trump’s first term, he called for a simple fix: Limit the amount of testing so the deadly outbreak looked less severe. When he lost the 2020 election, he had a ready-made reason: The vote count was fraudulent. And on Friday, when the July jobs report revisions showed a distressed economy, Trump had an answer: He fired the official in charge of the data and called the report of a sharp slowdown …
The jobs report that enraged Trump was flashing a recession warning sign
The bad news in last Friday’s jobs report may have been overshadowed when President Donald Trump fired the commissioner in charge of producing it. But economists haven’t forgotten about America’s job market – and they’re growing concerned.
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