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Commerce Secretary Defends Trump’s Firing of BLS Chief Amid Report Delays
President Trump dismissed Bureau of Labor Statistics chief after a report showed only 22,000 jobs added in August and a 4.3% unemployment rate, the highest since 2021.
- On Friday, the Bureau of Labor Statistics reported the United States added just 22,000 jobs in August, marking the first jobs update since President Donald Trump fired former BLS commissioner Erika McEntarfer last month.
- The labor market's weakness stems from Federal Reserve interest rate hikes and Trump's trade policies, with Challenger, Gray & Christmas reporting over 892,000 job cuts this year and nearly 80% of new jobs in health care and social assistance.
- Revisions to past months showed BLS revisions removed 258,000 jobs from May and June, cutting average monthly hiring to 35,000; economists had expected around 76,500 new jobs, but the professional and business services sector lost 17,000 jobs and government jobs fell by 16,000.
- Markets now expect an 87.8% chance of a Federal Reserve rate cut at the September 16-17 meeting, with a 12.2% chance of a larger half-point cut, while President Donald Trump has nominated E.J. Antoni amid concerns of politicizing labor data.
- Economists and labor groups warned the firing drew sharp criticism and this was the first month of job losses since December 2020, signaling a broader reversal in the United States labor market.
10 Articles
10 Articles
Trump Commerce Secretary Blames Bad Jobs Numbers On Govt ‘Rooting Against’ Trump
Trump Commerce Secretary Howard Lutnick told CNBC’s Squawk Box on Friday that Trump naysayers are to blame for August’s dismal jobs numbers, that are pointing to a slowing economy. Lutnick supported Trump’s ouster of the Bureau of Labor Statistics Commissioner, Erika McEntarfer, after Trump took issue with July’s numbers, saying at the time, “In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad.” Lut…
First Jobs Report Since BLS Chief's Firing Shows Weak Market
The Bureau of Labor Statistics’ (BLS) first jobs report since President Donald Trump fired the head of the agency showed the U.S. labor market growing more slowly than economists expected, and actually losing jobs for the first time since the pandemic earlier in the summer.
‘Trump’s Job Disaster’: U.S. Loses Jobs for First Time Since 2020
The U.S. economy just hit a wall. For the first time since the early days of the pandemic in 2020, America shed more jobs than it gained. The latest report from the Bureau of Labor Statistics (BLS) is bleak: just 22,000 jobs were added in August, and unemployment ticked up to 4.3%, the highest since October 2021. Worse yet, it’s not just a one-off bad month. June’s job numbers were revised down, revealing a net job loss — something that hasn’t h…
'Kind of report that gets you fired': Trump ridiculed on MSNBC over 'brutal' jobs data
"Brutal” and “really bad” were some of the adjectives used on MSNBC on Friday morning after the new jobs report came out, and it showed unemployment went up.This, of course, comes after Donald Trump fired the previous head of the Bureau of Labor Statistics following several negative reports, claimin...
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