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Watch CNBC's full interview with National Economic Council Director Kevin Hassett
CNBC Television· 2025-08-04 13:01
The fallout continues after President Trump fired the commissioner of the Bureau of Labor Statistics following a dismal jobs report. Joining us right now is White House National Economic Council Director Kevin Hasset. Uh Kevin, want to thank you for joining us.Um let's just start with with a very basic question. Um the president said on Friday that he believed that these numbers were rigged, that they were politically motivated. Do you believe that to be true.You know, as an economist, I like to go for what ...
X @The Economist
The Economist· 2025-08-04 11:20
Labor Market Analysis - Weak jobs report led to political interference concerns [1] - Ten charts provide insights from the labor data [1]
‘Grow up’: Republicans slam Trump for firing labor statistics chief over weak jobs report
MSNBC· 2025-08-03 17:40
Government Influence & Data Integrity - The president fired the statistician due to disagreement with accurate numbers, raising concerns about data manipulation [1] - The president or other officials terminated the director because of dissatisfaction with the numbers [1] - Trump attacked Erica McInterer, commissioner of the BLS, claiming reports were rigged [2] Market Reaction - Uncertainty caused by the situation sent markets into a tailspin [2] - Wall Street experienced its worst day in months due to new tariffs and poor jobs report [2] Employment Data - A weak jobs report indicated a clear slowdown in the job market [1] - The head of the Bureau of Labor Statistics was terminated shortly after the release of the weak jobs report [1]