Trump, monthly jobs
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Trump’s pick to lead labor stats agency could pause monthly jobs report over accuracy concerns
Heritage Foundation economist E.J. Antoni, tapped to lead Bureau of Labor Statistics, calls monthly jobs data unreliable after recent job downward revision.
The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician,
President Trump announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday, after he fired the former commissioner and blamed her for a weaker-than-expected jobs report.
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.
How exactly does the BLS assemble the critical jobs report? And what is the commissioner’s role? Here’s what we know.
Mortgage rates fell to their lowest levels since March because job growth has been surprisingly weak this summer.
New Jersey gained 7,500 jobs in July, led by private sector growth, as unemployment rose to 4.9% and public sector losses offset gains.
Commerce Secretary Howard Lutnick has reignited concerns about political interference in future jobs data after saying the independence of statistical agencies was “nonsense” and the main focus should be on getting “the right answer.