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Trump orders termination of labor statistics official after jobs report and downward revisions

On HALO

4 hours ago

President Donald Trump on Friday lashed out at the Bureau of Labor Statistics (BLS) and said he will fire its labor statistics chief after the U.S. economy added fewer jobs than expected in July and large downward revisions were made in the prior two months, which suggests the economy and labor market are weaker than previously believed.The BLS reported on Friday that 74,000 jobs were added in July, well below the 110,000 estimate of economists polled by LSEG. The report also revised job growth in May and June downward. May's gains were pared back by 125,000 to just 19,000 jobs created, while...

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