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Data credibility fears fueled after Trump orders firing of labor official
NEW YORK (Reuters) -Sharp downward revisions to past jobs data on Friday, followed by Trump’s sudden order to fire the head of the Bureau of Labor Statistics, stoked investor fears about the integrity of economic data and the Fed’s ability to read the true state of the economy.
An anemic July jobs report boosted expectations the Federal Reserve might lower interest rates in September. Trump said the ...
President Trump on Friday directed his team to fire the commissioner of the Bureau of Labor Statistics following a dismal ...
The Bureau of Labor Statistics reported earlier on Friday that the US had added 73,000 jobs in July, far lower than expected.
Labor Secretary Lori Chavez-DeRemer touted that native-born employment increased in the latest dismal jobs report, which ...
While tariffs, high interest rates, stubborn inflation and federal government cuts have yet to sink the labor market into turmoil, signs of underlying weakness are growing.
The U.S. unemployment rate might be deceptively low at 4.2%. Why is that? It's because many people have left the labor force this year. If fewer people are looking for work, the unemployment rate ...
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