White House slams 911K jobs revision, the largest on record, demands Fed rate cut

The Trump administration on Tuesday blasted the Labor Department’s annual jobs revisions, which revealed the U.S. added hundreds of thousands fewer jobs than first thought – the largest correction on record. The revisions, compiled by the Bureau of Labor Statistics, showed that previous jobs reports were overstated by 911,000. The latest adjustment – on the higher end of Wall Street’s expectations – comes as President Donald Trump steps up his calls for the Federal Reserve to cut rates to stimulate the U.S. ...