Job Numbers Rigging Accusations - The President accused job numbers of being rigged, leading to the firing of Erica McInterer, but the White House has not provided evidence to support this claim [1] - The President's top economic advisor argued the change was for "more transparency" and claimed the revision was the largest, while the President reiterated his belief that the system is rigged on social media [2][4] - The President plans to name a replacement in the next three or four days [5] Data Reliability and Revisions - Job numbers are frequently revised, especially with uncertainty surrounding tariffs [3] - Revisions can be larger than the initial number itself, indicating potential issues [4] - BLS reports have become more accurate over time, with revisions averaging less than 02% of total employment [11][14] Importance of Jobs Report Data - The government assesses job numbers by surveying households and businesses, covering over 600000 work sites [7] - The Federal Reserve uses these numbers to make decisions about interest rates, and they also influence social security, business cycle assessments, and poverty levels [7][8] - The jobs report is considered the "gold standard" of data on the labor market [8] - Changing the methodology or retiring the data set would be alarming to the economics community [9] - Flawed data can be as dangerous as having an obediently partisan pilot [9] Erica McInterer's Reputation - Erica McInterer is described as a lifelong civil servant and a data-focused economist who doesn't care about politics [15][16] - She was willing to speak truth to power and give superiors bad news, even when the data from BLS was unfavorable [16][17]
Trump claims jobs report was ‘RIGGED’ but gives no supporting facts
MSNBC·2025-08-04 15:51