Tag #Economic Data

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lefigaro.fr

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Aug 8, 16:17

Trump Alleges Job Data Manipulation, Fires BLS Head

President Trump presented alternative economic statistics on August 7th, 2024, alleging the Bureau of Labor Statistics (BLS) intentionally inflated job creation numbers under Biden, leading to the dismissal of the BLS head and claims of a $1174 average household income increase during his first five...

Trump Alleges Job Data Manipulation, Fires BLS Head

President Trump presented alternative economic statistics on August 7th, 2024, alleging the Bureau of Labor Statistics (BLS) intentionally inflated job creation numbers under Biden, leading to the dismissal of the BLS head and claims of a $1174 average household income increase during his first five...

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What immediate consequences resulted from President Trump's claim of manipulated employment data and subsequent actions?

On August 7th, 2024, President Donald Trump presented alternative economic statistics, claiming the official numbers were intentionally manipulated to favor Joe Biden. He fired the head of the Bureau of Labor Statistics (BLS) shortly before this announcement. Trump, alongside economist Stephen Moore, presented graphs suggesting a 1.5 million job creation overestimation by the BLS during Biden's last two years.

abcnews.go.com

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Aug 5, 04:13

Trump Fires BLS Commissioner After Slow Hiring Report

President Trump fired U.S. Bureau of Labor Statistics Commissioner Erika McEntarfer after a jobs report showed slower hiring, claiming the data was "manipulated." This raises concerns about political interference in economic data collection, impacting the economy's reliability.

Trump Fires BLS Commissioner After Slow Hiring Report

President Trump fired U.S. Bureau of Labor Statistics Commissioner Erika McEntarfer after a jobs report showed slower hiring, claiming the data was "manipulated." This raises concerns about political interference in economic data collection, impacting the economy's reliability.

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What are the immediate consequences of President Trump's firing of the BLS commissioner, and how does this impact the reliability of U.S. economic data?

President Trump fired the head of the U.S. Bureau of Labor Statistics (BLS), Erika McEntarfer, following a jobs report showing slower-than-expected hiring. McEntarfer, a Biden appointee, had served for two decades. Trump alleged the report was manipulated, though the BLS routinely revises its estimates.

cbsnews.com

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Aug 5, 01:13

BLS Job Growth Revision Prompts Commissioner Firing

The Bureau of Labor Statistics issued a downward revision of 258,000 jobs added in May and June, prompting President Trump to fire the BLS commissioner, despite experts stating the revision was a normal part of the data collection process due to late responses and the use of scientific modeling to f...

BLS Job Growth Revision Prompts Commissioner Firing

The Bureau of Labor Statistics issued a downward revision of 258,000 jobs added in May and June, prompting President Trump to fire the BLS commissioner, despite experts stating the revision was a normal part of the data collection process due to late responses and the use of scientific modeling to f...

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What were the immediate consequences of the BLS's downward revision of May and June job growth figures?

The Bureau of Labor Statistics (BLS) revised its May and June job growth figures downward by 258,000, the largest two-month revision since 1968. This prompted President Trump to fire BLS Commissioner Erika McEntarfer, alleging political bias, despite denials from former BLS officials and experts. The revisions, while significant, are a normal part of the BLS's data collection process, which involves surveys of households and businesses, with later responses incorporated into revisions.

theglobeandmail.com

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Aug 4, 01:14

Trump Fires BLS Head Amidst Concerns Over Job Numbers

President Trump fired the head of the U.S. Bureau of Labor Statistics (BLS), Erika McEntarfer, on Friday, citing concerns about downwardly revised job numbers (258,000 fewer jobs created in May and June than initially reported), despite assertions from former BLS heads and economists that such revis...

Trump Fires BLS Head Amidst Concerns Over Job Numbers

President Trump fired the head of the U.S. Bureau of Labor Statistics (BLS), Erika McEntarfer, on Friday, citing concerns about downwardly revised job numbers (258,000 fewer jobs created in May and June than initially reported), despite assertions from former BLS heads and economists that such revis...

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What are the immediate consequences of President Trump's firing of the BLS commissioner, and how might it affect public confidence in U.S. economic data?

President Trump fired the head of the Bureau of Labor Statistics (BLS), citing concerns about downward revisions in job creation numbers for May and June, totaling 258,000 fewer jobs than initially reported. Top economic advisors defended the firing, asserting the need for new leadership at the BLS. This action has sparked criticism and concerns about potential damage to the credibility of U.S. economic data.

cnn.com

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Aug 4, 10:16

Trump Falsely Accuses BLS of Data Manipulation, Fires Commissioner

President Trump falsely accused the Bureau of Labor Statistics (BLS) of manipulating jobs data and fired its commissioner, claiming the recent large revisions to the jobs report were a "scam", despite similar or larger revisions being common in previous years, particularly during the pandemic.

Trump Falsely Accuses BLS of Data Manipulation, Fires Commissioner

President Trump falsely accused the Bureau of Labor Statistics (BLS) of manipulating jobs data and fired its commissioner, claiming the recent large revisions to the jobs report were a "scam", despite similar or larger revisions being common in previous years, particularly during the pandemic.

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How does the BLS collect and revise its jobs data, and what factors can lead to significant revisions?

The BLS uses two main surveys—one of households and one of businesses—to gather employment data. This data is then revised multiple times to account for late reporting and seasonal adjustments. President Trump's claims of a "scam" are unfounded, as historical data shows similar, and even larger, revisions in previous years, particularly during times of economic uncertainty like the COVID-19 pandemic.

edition.cnn.com

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Aug 4, 10:16

Trump's False Accusations Undermine BLS's Integrity

President Trump falsely accused the Bureau of Labor Statistics (BLS) of manipulating job numbers, leading to the firing of its commissioner, Dr. Erika McEntarfer, despite revisions being normal, and sometimes larger, in previous years, including during the COVID-19 pandemic and the 2009 recession.

Trump's False Accusations Undermine BLS's Integrity

President Trump falsely accused the Bureau of Labor Statistics (BLS) of manipulating job numbers, leading to the firing of its commissioner, Dr. Erika McEntarfer, despite revisions being normal, and sometimes larger, in previous years, including during the COVID-19 pandemic and the 2009 recession.

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What is the process of data collection and revision used by the BLS, and why do revisions occur?

Trump's claims of manipulated job numbers were unfounded. BLS data revisions, while sometimes substantial, are a normal part of the process reflecting late reporting and seasonal adjustments. Large revisions have occurred in past years, including during the pandemic and 2009 recession, exceeding those in the recent report.

africa.chinadaily.com.cn

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Aug 6, 10:19

Trump Fires Labor Statistics Head Amidst Controversial Jobs Report Revisions

President Trump fired the head of the Bureau of Labor Statistics after a jobs report showed weak hiring and significant downward revisions for May and June, sparking concerns about data reliability and political interference.

Trump Fires Labor Statistics Head Amidst Controversial Jobs Report Revisions

President Trump fired the head of the Bureau of Labor Statistics after a jobs report showed weak hiring and significant downward revisions for May and June, sparking concerns about data reliability and political interference.

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What are the long-term risks to the integrity and trustworthiness of US economic data, given the current political climate and the challenges faced in data collection?

The controversy surrounding the jobs report and the firing of McEntarfer highlight the increasing politicization of economic data and the potential for manipulation to serve political agendas. The declining response rates and budgetary constraints affecting data collection suggest a weakening of the infrastructure needed to provide accurate and reliable economic information. These factors, combined with the precedent of politically motivated dismissals, threaten the future credibility and trustworthiness of crucial economic statistics.

bbc.com

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Aug 5, 01:13

Trump Fires BLS Head After Job Numbers Revision

President Trump fired the head of the US Bureau of Labor Statistics (BLS) after recent job numbers were revised down by 258,000, despite the BLS stating that such revisions are a normal part of data collection and analysis, done routinely under previous administrations. This is the largest such revi...

Trump Fires BLS Head After Job Numbers Revision

President Trump fired the head of the US Bureau of Labor Statistics (BLS) after recent job numbers were revised down by 258,000, despite the BLS stating that such revisions are a normal part of data collection and analysis, done routinely under previous administrations. This is the largest such revi...

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What is the immediate impact of President Trump's firing of the BLS commissioner following the downward revision of job numbers?

President Trump fired the head of the US Bureau of Labor Statistics (BLS) after a revision of job numbers showed a decrease of over 250,000. Trump claimed the figures were "rigged", but this is a normal process routinely done under various administrations. The commissioner's role is limited to reviewing the final press release, not manipulating the data itself.

dailymail.co.uk

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Aug 5, 10:19

Trump's Firing of BLS Commissioner Raises Concerns About US Economic Data Reliability

President Trump fired Bureau of Labor Statistics (BLS) Commissioner Dr. Erika McEntarfer on Friday, hours after weak jobs figures were released, prompting concerns about data manipulation and the reliability of US economic data, potentially impacting trillions of dollars in assets.

Trump's Firing of BLS Commissioner Raises Concerns About US Economic Data Reliability

President Trump fired Bureau of Labor Statistics (BLS) Commissioner Dr. Erika McEntarfer on Friday, hours after weak jobs figures were released, prompting concerns about data manipulation and the reliability of US economic data, potentially impacting trillions of dollars in assets.

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What are the immediate consequences of President Trump's firing of the BLS Commissioner on US financial markets and investor confidence?

President Trump's firing of BLS Commissioner Dr. Erika McEntarfer raises concerns about the accuracy of US economic data. This could severely impact investor confidence and the reliability of financial markets, potentially affecting trillions of dollars in assets including retirement savings. The lack of evidence supporting Trump's accusations further undermines public trust.

cnnespanol.cnn.com

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Aug 4, 07:15

Trump Fires BLS Head After Weak Jobs Report, Raising Concerns About Data Integrity

President Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer after a July jobs report showed only 73,000 jobs created, revising downward May and June numbers by 258,000; Trump claimed manipulation, while his advisor called for a 'new look' at the BLS, sparking controversy and conce...

Trump Fires BLS Head After Weak Jobs Report, Raising Concerns About Data Integrity

President Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer after a July jobs report showed only 73,000 jobs created, revising downward May and June numbers by 258,000; Trump claimed manipulation, while his advisor called for a 'new look' at the BLS, sparking controversy and conce...

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What are the immediate consequences of President Trump's dismissal of the head of the Bureau of Labor Statistics, and how does this action affect the credibility of US economic data?

President Trump fired the head of the Bureau of Labor Statistics (BLS), Erika McEntarfer, after a weaker-than-expected jobs report showed only 73,000 jobs created in July. This report also revised downward the May and June totals, a combined 258,000 jobs. Trump attributed this to manipulation, while his economic advisor, Kevin Hassett, stated the need for a 'new look' at the BLS.

cnn.com

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Aug 4, 22:13

Trump Fires Bureau of Labor Statistics Head, Threatening US Economic Data Credibility

President Trump fired the head of the US Bureau of Labor Statistics on Friday due to his disagreement with the agency's employment data report, raising concerns about the integrity of US economic statistics and potentially harming global economic confidence.

Trump Fires Bureau of Labor Statistics Head, Threatening US Economic Data Credibility

President Trump fired the head of the US Bureau of Labor Statistics on Friday due to his disagreement with the agency's employment data report, raising concerns about the integrity of US economic statistics and potentially harming global economic confidence.

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What are the underlying causes of Trump's criticism of the Bureau of Labor Statistics, and how do they relate to his broader economic policies?

Trump's dismissal of the BLS commissioner is unprecedented, damaging the independence and trustworthiness of the agency. Economists across the political spectrum have criticized this decision; the revisions to May and June job numbers, cited by Trump as evidence of manipulation, were standard procedure based on late employer responses.

us.cnn.com

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Aug 4, 10:16

Trump Fires BLS Head After Jobs Report Revisions

President Trump fired the head of the Bureau of Labor Statistics (BLS) after large revisions to the agency's jobs report, falsely accusing the agency of manipulating data; however, the revisions, while significant, were not unprecedented and are a part of the data refinement process.

Trump Fires BLS Head After Jobs Report Revisions

President Trump fired the head of the Bureau of Labor Statistics (BLS) after large revisions to the agency's jobs report, falsely accusing the agency of manipulating data; however, the revisions, while significant, were not unprecedented and are a part of the data refinement process.

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How does the BLS collect and process jobs data, and what factors contribute to the need for revisions?

The BLS uses two surveys—a household survey and a Current Employment Statistics (CES) survey of businesses—to collect employment data. Data is revised to account for late reporting and seasonal adjustments. These revisions, sometimes substantial, are a standard procedure and do not indicate manipulation.

Showing 13 to 24 of 64 results