The August jobs report revealed a significant economic downturn, with only 22,000 jobs added and the unemployment rate rising to 4.3%, the highest since 2021. These figures, released after President Trump fired the Bureau of Statistics Commissioner, further indicated that the jobs market is struggling. While Trump’s administration continues to push a narrative of economic prosperity, the numbers undercut those claims and could prompt the Federal Reserve to lower interest rates. The report has also caused the number of Americans who have been out of work for more than six months to reach 1.9 million.
Read More
The latest jobs report revealed a struggling labor market, with only 22,000 jobs added in August and an unemployment rate increase to 4.3 percent, the highest since 2021. This downturn follows revisions to previous months, indicating negative job growth, exacerbated by the administration’s erratic economic policies. Imposing tariffs and causing economic uncertainty created a brutal post-COVID economy, and now, those factors have severely impacted job growth. Moreover, the administration’s response involves blaming others and attempting to downplay negative findings, while also implementing policies that have shrunk the workforce and reduced job opportunities.
Read More
The Bureau of Labor Statistics (BLS) released August jobs numbers indicating a disappointing increase of only 22,000 nonfarm payrolls, far below the projected 75,000. While healthcare saw gains, losses in federal government employment, mining, quarrying, and oil/gas extraction offset those gains. This follows the firing of the previous BLS commissioner by President Trump due to weak employment data from the previous month. Furthermore, analysts are noting a possible rate cut by the Federal Reserve.
Read More
President Donald Trump downplayed the upcoming U.S. jobs report, suggesting the true economic figures would be apparent in a year. This statement follows Trump’s removal of the Bureau of Labor Statistics commissioner, Erika McEntarfer, after he disputed previous reports. While the August report is anticipated, economists offer differing projections, with some forecasting a slowdown in job growth. These actions have sparked concerns about the politicization of economic data and its trustworthiness.
Read More
In August, U.S. private sector hiring saw a smaller-than-expected increase, with only 54,000 jobs added, a significant drop from the previous month. This slowdown was attributed to factors such as consumer worries, labor shortages, and AI-related disruptions, particularly impacting trade, transportation, utilities, and education/health services. The leisure and hospitality industry showed gains, but overall, the ADP report contributes to an already concerning labor market picture, further evidenced by rising jobless claims and a decline in job openings. Consequently, market observers are now more convinced that the Federal Reserve will cut rates at its upcoming meeting.
Read More
E.J. Antoni, Donald Trump’s nominee for BLS commissioner, has proposed suspending the monthly jobs report, advocating for the use of quarterly data instead. Antoni, previously the Heritage Foundation’s chief economist, cited concerns about the accuracy of the monthly figures, arguing that a lack of confidence in the data could have serious consequences for businesses and policymakers. This proposal follows Trump’s dismissal of the previous BLS commissioner and claims that the July jobs report was inaccurate due to revisions in employment figures. The July report was criticized for revisions that indicated significant downsizing in the market, potentially signaling an impending recession.
Read More
Trump’s BLS nominee suggests suspending jobs report, and the implications are pretty striking. The idea, apparently, is to simply stop reporting the jobs numbers altogether. It’s like a magician making a problem disappear, but instead of a rabbit, you get… well, the truth. The basic logic seems to be: if you don’t test for COVID, there’s no more COVID; likewise, if you stop publishing job reports, there are no more job losses. Simple, right?
The potential motivation behind this move is pretty clear: to obscure the reality of the economic situation. Some see it as a way to cover up the administration’s failures, much like a shell game.… Continue reading
The article compares President Trump’s response to disappointing jobs reports to smashing a bathroom scale in an attempt to obscure weight gain. After revised estimates showed a significant downturn in job growth, Trump responded by attempting to intimidate the Bureau of Labor Statistics, which the author argues is a futile gesture. While this tactic might briefly fool some voters, the author asserts that voters will ultimately rely on their personal economic experiences, rendering manipulated statistics ineffective. The article concludes by emphasizing the importance of reliable economic data for market activity, social science, and sound economic policy, suggesting that Trump should instead focus on correcting course.
Read More
Following the release of a weak jobs report, former President Donald Trump fired Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer, appointed by Joe Biden, accusing her of fabricating statistics. The July report showed only 73,000 jobs added to the U.S. economy, prompting Trump to claim the numbers were rigged. This decision has drawn sharp criticism from numerous Republican senators and economists, who have condemned Trump’s actions, citing concerns about the politicization of economic data and the undermining of the BLS’s integrity. Several prominent voices from within the Republican party have criticized the decision, stating that the numbers should be objective.
Read More
Before the official release of the latest jobs data, the former president took to social media to criticize the Federal Reserve chair and hint at unfavorable job numbers. The subsequent release confirmed a significant slowdown in job growth. In response, the former president fired the head of the Bureau of Labor Statistics, baselessly accusing her of political bias and manipulating the data. This action is viewed as an authoritarian attempt to control the narrative and undermine the credibility of government data, potentially leading to a loss of confidence in U.S. employment statistics.
Read More
John Q. Hosedrinker 
Matt Underwood