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Trump orders firing of statistics chief after weak jobs report and data revisions - live updates
Tags: Current Focus, Early Warning, Managing Business, United States, Computers, Information Technology, Automobiles, Oil & Gas, Capital Markets, The Economy, Movement for Renewal of America, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 9. The Movement for Global Literacy, 10. Health- Body/Mind Wellbeing for All ,
DJT fires BLS labor statistics Commissioner, Erika McEntarfer, following 258,000 downward revision of jobs added, 90% of the jobs shown earlier in June-July 2028 disappearing. This BBC report and others say that revisions are common. What it does not say is that revision of this size is rare, almost 90% of the jobs created shown earlier are now shown to be non existent, without any serious effort to give an explanation in the statistical data gathering and how it could have overreported the jobs created by 90%. Imagine Jay Powell at the Fed putting this out and not laboring to explain this as he does so often on inflation.
Department of Labor owes an explanation of how it is doing the statistics when-
BLS revision 144,000 jobs to 19,000 for May 2025- 87% of jobs reported disappeared.
BLS revision 147,000 jobs to 14,000 for June 2025- 90% of jobs reported disappeared.
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