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Trump axes Labor Statistics chief after his poor jobs report: ‘I believe the numbers were phony ... so I fired her’
President Trump on Friday directed his team to fire the commissioner of the Bureau of Labor Statistics following a dismal jobs report he blamed squarely on the appointee of former President Biden. Trump said on Truth Social that the commissioner, Erika McEntarfer, had “faked the Jobs Numbers” before the 2024 election in order to boost…
The Bureau of Labor Statistics reported earlier on Friday that the US had added 73,000 jobs in July, far lower than expected.
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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