WSJ Chief Economics Commentator Says Jobs Report Shows Economy ‘Treading Water' | WSJ News
WSJ News·2025-08-01 23:20
President Trump said he has directed his team to fire the commissioner of labor statistics just hours after the agency issued a weak July jobs report. The report showed lower job growth than forecast adding 73,000 jobs in July. A slight uptick in the unemployment rate to 4.2%.Hiring numbers for May and June were also significantly revised down showing that just 106,000 jobs were added in the past 3 months. Statisticians revised down how much growth we had in prior months by around a quarter of a million, wh ...