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Labor and inflation statistics from alternative sources: Here's what to know
CNBC Television· 2025-10-31 11:41
The government shutdown is now 31 days old and there has been very little economic data coming from the government during that period. But there are some alternative sources that are providing labor and inflation statistics. For that we get to our senior economics reporter Steve Leeman.He's been searching for data high and low and he's come up with some pretty interesting things. Good morning Steve. >> Hey, good morning Becca.Yeah, we're able to put together a preliminary estimate of jobless claims. I'll ex ...
X @The Wall Street Journal
The Wall Street Journal· 2025-08-06 21:15
Watch: President Trump fired the head of the Bureau of Labor Statistics, claiming manipulated jobs numbers after a report of slowed hiring. While revisions were more dramatic than usual, these numbers are always revised. WSJ explains. https://t.co/nejNNtaelN ...
'Firing the BLS commissioner is serious': National Review rebukes Trump
MSNBC· 2025-08-05 15:11
Government and Economic Data Integrity - The integrity of the Bureau of Labor Statistics (BLS) is crucial for the economy, as it provides essential information on jobs and wages [2][3] - Undermining the credibility of statistical information, especially jobs reports, is compared to authoritarian tactics [4][8] - The reliability of U S statistics is important for both the government and the private sector globally [6] Presidential Actions and Economic Policy - The President believes jobs numbers are rigged, without providing specific evidence [1][10] - The President fired the BLS Commissioner, raising concerns about political interference in statistical reporting [4][5] - The President is considering candidates for Federal Reserve Chair, potentially favoring those who support lower interest rates [15][18][20] Trade and Tariffs - The President claims to be negotiating significant investment deals with other countries, but details are lacking [11][12] - There are concerns about whether these investment deals will materialize and what consequences exist if countries don't follow through [12][13] - The President suggests using higher tariffs as leverage if countries fail to meet investment commitments [12] Economic Uncertainty and Global Impact - The President's actions and decisions are seen as potentially dictatorial, affecting the entire world [22][23] - Concerns exist about the credibility of the Federal Reserve if the President appoints someone who will prioritize political goals over controlling inflation [23][24]
White House struggles to justify firing of BLS chief over weak jobs numbers
CNBC Television· 2025-08-04 14:09
Meanwhile, President Trump saying he's going to announce a new head of the Bureau of Labor Statistics this week. He made the comments before boarding Air Force One last night. >> We'll be announcing a new statistician sometime over the next 3 4 days.We had no confidence. I mean, the numbers were ridiculous what she announced. >> President's comments coming, of course, in the wake of criticism over his firing of the head of the BLS after Friday's worst thanex expected jobs numbers.President believes that BLS ...
X @Bloomberg
Bloomberg· 2025-08-01 21:22
Political Context - The report suggests potential political interference in economic data reporting, as President Trump fired the data overseer following a weak jobs report [1] - The firing occurred shortly after Vice President JD Vance and Labor Secretary Lori Chavez-DeRemer attempted to positively frame the weak jobs numbers [1]