Breaking news more broadly about financial markets, not just stable coins, but about data, in particular, labor statistics. Bloomberg International Economics policy editor Michael McKe joins us now with a reporting done by Fox about well, the person who's going to be potentially taking over labor statistics for the United States and his view on how often they should be. Just break down the news for us.Well, it's a kind of a strange uh situation because he made these comments before the president announced t ...

Will the Bureau of Labor Statistics continue to put out a monthly jobs report. Well, look what I'll tell you about the Bureau of Labor Statistics. I believe that is the plan and that's the hope and that these monthly reports will be data that the American people can trust.As you know, the Bureau of Labor Statistics has made massive revisions after the last several point points reports that they have put out. And there has certainly been a decline in the quality and the reliability of data coming from the Bu ...

- [Narrator] These are the number of jobs that were added to the US economy in the last year, which the Bureau of Labor Statistics releases every month in the jobs report. Or really, these are the initial number of jobs added to the economy. Each report also revises the number of the last three months.These are the latest revisions. Last September was only off by 1,000. Last July was more typical, about 30,000.But the latest revision, May and June were way off. President Trump was not happy, and he fired th ...

I believe the numbers were phony just like they were before the election. Trump's first BLS commissioner, William Beachch, says it would be impossible for a commissioner to rig the jobs data. The claim made by President Trump is that the commissioner led that conspiracy and and was basically shaping the data.That is not possible in my view and in the view of anybody who served in that position. ...

You've seen the president for four weeks and months now complain about the Fed and Fed chairman. Chairman Powell. And I think this this attack just really just in on what he says is a Biden political appointee suggesting that are some games playing with the jobs numbers.I think you could put it in that same bucket of of criticizing the bearer of some bad news, whether it's a decision to delay rate cuts or in this case, some jobs numbers that clearly weren't something the president was hoping to see today, e ...

the three-month moving average, healthc care has actually created on average 68,000 jobs. The total payroll is 35,000. Meaning it's created 200% of the uh of of the jobs.Meaning you have a service economy, not you think about is healthcare interest rate sensitive, it's demographically sensitive. So you don't really I mean you think the interests sensitive parts of the economy are under some pressure. Lower income who are the borrowers in this economy are having a tough time.So would I have cut. Yes, I would ...

Let's begin with NBC News senior White House correspondent Gabe Gutierrez, NBC's business and data correspondent Brian Chung, and Ernie Tedeski, the director of economics at Yale's budget lab, and former chief economist in the Biden administration. Gabe, the president has called the job numbers rigged, which appears to be his reason for firing Erica McInterer, but has the White House actually provided any evidence to back up this accusation. >> Good morning, Anna.No, it hasn't. Now, uh, yesterday on Meet th ...

President Trump firing the Bureau of Labor Statistics Commissioner Friday. This followed a week's jobs report. The Bureau revised May and June numbers, down by a combined 258,000 jobs.That was the biggest two-month downward revision we've seen since April of 2020. Obviously, the beginning of COVID. President Trump posting on Truth Social this morning that the jobs report was rigged to quote make a great Republican success look less stellar.He says he will be picking a replacement in the coming days. Joining ...

Could the debate about the firing of the BLS commissioner be taking the focus off uh what investors really need uh to think uh about jobs. Steve Leeman has a few ideas. Steve, >> good morning, Joe.Yeah, Wall Street economists were not concerned in their reports over the weekend that Friday's payroll numbers were altered for political reasons. Their real concern, the numbers are real and a s and actually signal a slowdown. Goldman Sachs writing quote Friday's payroll report brings payroll growth closer in li ...

A chief White House economic adviser said that President Trump wants allies placed in the Bureau of Labor Statistics after the agency published a dismal jobs report and the president fired its commissioner https://t.co/f8p0W6C8WC ...