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. ...

Data Integrity & Political Influence - The report highlights concerns about potential political influence on the integrity of economic statistics, specifically regarding the Bureau of Labor Statistics (BLS) [1][3][10] - The U S is considered the gold standard for economic statistics, but faces challenges due to budget constraints affecting data accuracy [10][11] - The president's criticism of the BLS commissioner and the jobs numbers raises concerns about politicization of data [1][3] Statistical Methodology & Accuracy - The report emphasizes the inherent margin of error in jobs reports, citing an example of approximately 100,000 jobs per month [5] - Job number variations can occur due to incomplete company responses and statistical adjustments for labor force changes [7] - The BLS uses tax records annually to cross-check and adjust payroll data, addressing potential overcounting [15][16] - Statistical variations have been present since 1923 when these surveys began [8] Data Usage & Trust - Investors, traders, and economists rely on the accuracy and reliability of U S economic data [9] - Politicization of data could erode trust in U S statistics, similar to concerns raised about data from other countries [9][10] - Revisions to initial job numbers are common and should be expected [12][13]

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 ...

The weekend is here and typically with it we do get the significant price action that we want. On the daily we could see that it is a sea of red out there in the market currently. On the weekly as well you know it is a sea of red and it's actually a lot deeper in terms of you know the daily compared to the weekly.Um if we actually look here some of these old coins are down 10 plus 20 plus%. Um, Sooie down 19.1%, XLM down about 16.2%. Even Link down 15 plus percent.XRP, HAR also down in a big way. XRP down a ...

Joining us now, former acting labor secretary Julie Sue in the Biden administration and back with us for White House correspondent Shelby Talcott. And Secretary Sue, you posted Trump quote hates the truth. That's why he tries to hide it.What should we make of the ouster of the the Commissioner of Labor Statistics here. Well, it's outrageous, but it's not surprising. It is consistent with a practice of hating the truth, of not wanting people to know what's actually going on and then blaming the people who te ...

Why did you fire the head of the Bureau of Labor Statistics. Because I think the numbers were wrong, just like I thought their numbers were wrong before the election, days before the elections. Who came out with these beautiful numbers for Kamala.I guess Biden slash Kamala. And she came out with these beautiful numbers trying to get somebody else elected. Then right after the election, I think the 15th November 15th, she had an eight or $900,000 massive reduction.So she made a mistake. No, that woman that w ...