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Why does the Labor Department revise jobs reports? Here are 3 reasons

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15 hours ago

President Donald Trump's move to fire the commissioner of the Bureau of Labor Statistics (BLS) after a weaker-than-expected July jobs report and large revisions has spurred questions about how the agency gauges changes in the U.S. workforce. Trump terminated BLS Commissioner Erika McEntarfer on Friday and claimed she "faked the Jobs Numbers before the Election."The BLS reported that last month the U.S. economy added 73,000 jobs, well below the gain of 110,000 jobs estimated by LSEG economists. It also made downward revisions that reduced employment in May and June by 258,000.Despite the presid...

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15 hours ago
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