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Trump ahead of Friday jobs report: ‘Real numbers’ will be ‘a year from now’
The August jobs report revealed weak growth with a net loss of 21,000 jobs in June and July combined, prompting leadership changes and controversy over the new commissioner nominee.
- The Bureau of Labor Statistics released its August jobs report on Friday showing the U.S. economy added 22,000 jobs with unemployment rising to 4.3%.
- This report follows downward revisions to June and July, including a net loss of 13,000 jobs in June and modest gains in July, fueling political tension.
- President Trump disputed the report’s accuracy, calling the numbers 'phony' and 'rigged,' and fired BLS commissioner Erika McEntarfer, replacing her with acting commissioner William Wiatrowski.
- White House adviser Kevin Hassett called the 22,000 figure disappointing but expected upward revisions by about 70,000 jobs, while Labor Secretary Chavez-DeRemer emphasized nearly half a million jobs created since Trump took office.
- The weak jobs data and ongoing labor market slowdown prompted warnings about possible recessionary trends and suggested the importance of future revisions to the economic outlook.
8 Articles
8 Articles
'He's managed to screw it up': Economists dismantle key Trump myth
A federal jobs report released on Friday showed the US economy added a mere 22,000 jobs in August in yet another signal of weakness in the US labor market.Economists had projected the economy would produce 75,000 jobs on the month, which means that the Bureau of Labor Statistics (BLS) numbers released on Friday were well below the consensus estimate.What's more, the total number of jobs created in July and June were once again revised downward, …
NYT Still Managed to Run a Dumb Anti-Trump Conspiracy Theory Ahead of Poor Jobs Numbers
NYT Still Managed to Run a Dumb Anti-Trump Conspiracy Theory Ahead of Poor Jobs Numbers Leave it to The New York Times to still somehow sink itself by stoking a dumb conspiracy theory just before poor economic numbers hit the Trump administration. Just prior to the release of the Bureau of Labor Statistics report showing hiring had stalled in August with only 22,000 jobs added, Times chief economics correspondent Ben Casselman shot his own publ…
Trump’s attempts to undermine faith in the jobs data hit a wall Friday. Here’s how the report really works
President Donald Trump and his administration spent the last month portraying recently dreadful jobs data as a “scam” and an organized vendetta against his presidency. That effort hit a brick wall Friday after the government produced updated jobs numbers that painted an even more concerning portrait of the US economy.
'Disaster': Critics warn of 'rough waters ahead' after Trump's new abysmal job report
Early job numbers ahead of the Bureau of Labor Statistics’ Friday jobs report are painting a grim picture of the American economy, one that some are labeling as an indicator that a “Trumpcession” is well underway.Fox Business’ Lauren Simonetti obtained the early job numbers Friday morning, which sho...
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