The BLS has also come under fire from President Donald Trump , who fired the head of the bureau in early August and has criticized its data collection methods. The BLS, in a preliminary report released Tuesday, revised its nonfarm payrolls data for the year prior to March 2025, showing a significant drop of 911,000 from the initial estimates. The revisions were more than 50% higher than last year's and the biggest shift in more than 20 years, adding to growing concern over the economy. "There are number of ...

Wall Street was downbeat last week, with the S&P 500 losing 3.1%, the Dow Jones shedding about 2.4% and the Nasdaq Composite retreating 3.5%. The S&P 500 recorded the its worst week since September 2024. SPDR S&P 500 ETF Trust (SPY) lost 3.4% in the week. The Nasdaq officially entered correction territory—defined as a 10% decline from recent highs.Weak Jobs Report Adds to ConcernsInvestors largely shrugged off a weaker-than-expected February jobs report, which briefly pushed Treasury yields lower. Nonfarm p ...