jobs data

Search documents
NEC Director Kevin Hassett: The jobs data have become very unreliable
CNBC Television· 2025-08-04 12:57
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 ...
Wharton's Jeremy Siegel: There would've been a July rate cut had we known about the weak jobs data
CNBC Television· 2025-08-04 12:39
Let's bring in Jeremy Seagull, professor emmeritus of finance uh at University of Pennsylvania's Wharton School of Business and chief economist at Wisdom Wisdom Tree. I think you're Jeremy Professor, your ship's coming in. Uh the economy has been weaker than than people thought, I think.Yeah. Yeah. And first of all, I'm not going to let the BLS off the hook.I mean, you know, you talk about how to fix it. you know, make these questionnaires mandatory and give them a time limit to fill it out. Um, you know, I ...
WH economic adviser defends Trump's decision to fire his labor statistics head
NBC News· 2025-08-03 22:43
the president prepared to fire anyone who reports data that he disagrees with. >> No, absolutely not. The president wants his own people there so that when we see the numbers, uh, they're more transparent and more reliable.And if there are big changes and big revisions, uh, we expect more big revisions for the jobs data in September, for example, that we want to know why. We want people to explain it to us. >> All right.But bottom line, were the numbers wrong. Do you have any hard evidence that you can pres ...
Liesman: No evidence that jobs data is politicized
CNBC Television· 2025-08-01 18:52
joining us now by phone. Steve, obviously this morning you were on all day talking about the jobs numbers, the Federal Reserve, and now this bizarre firing or soon to be firing. What do we know.Well, um I I have to just give you my reaction, Brian, which is it reminds me of that famous uh comment at the McCarthy hearings where you say, "At long, Senator, have you no decency?" This is the most outrageous charge of politicization that I can remember. Um there is no context in which these numbers have been rev ...
X @Wu Blockchain
Wu Blockchain· 2025-08-01 18:21
Donald Trump accused Labor Statistics Commissioner Erika McEntarfer of inflating jobs data before the 2024 election to aid Kamala Harris and called for her removal. He also urged Fed Chair Jerome Powell to step down, criticizing pre-election rate cuts as politically driven. https://t.co/sM7BJZ7kDt ...