Alicia Finale, a member of the Editorial Board of the Wall Street Journal, claimed President Donald Trump that the job report was politically manipulated before the election to help Biden to Biden on Varni & Co.
chairman Donald TrumpFollowing the report of a weak-to-late July jobs, steps and large amendments to set fire to the Commissioner of Labor Statistics (BLS) have raised questions about how the agency turns into the US workforce.
Trump on Friday abolished BLS Commissioner Erica McAinter and claimed that he “stopped the number of jobs before the election”.
The BLS reported that the US economy added 73,000 jobs last month, lower than the benefits of 110,000 jobs estimated by LSEG economists. It also made amendments to reduce employment in May and June.
Despite the criticism of the President, amendment Report of monthly jobs The standard statistical practice produced by BLS is aimed at improving the accuracy of the data, as the sample has come more. Amendments to ensure the best possible data over time are also ripened in the survey process of BLS.
American job growth in July got cold amid growing economic uncertainty
President Donald Trump fired the BLS commissioner, without evidence, claimed that the jobs report was manipulated. (Yuri Gripus/Abaca/Bloomberg Getty Embolce/Getty Image)
In a video released earlier this year, BLS explained that American economy By June 2024, there were over 12.2 million commercial establishments with over 155.7 million employees. The current employment statistics survey was contacted about 121,000 businesses and government agencies on a voluntary basis every month, which represents 631,000 individual work – which is one of the BLS notes, if not the largest monthly survey in the world.
There are many reasons here that the labor department has to revise the number of jobs.
quick turnaround
The time period of data collection is between 10 and 16 days, although the average is 12 to 13 days, so some businesses may not be able to report within that period. For example, some respondents who pay monthly to employees may not be able to report their data monthly before the time limit.
Bank of America CEO replied to the report of weak jobs that BLS Chief’s trump firing was done
Reaction rate
Early monthly job figures are considered an initial estimate, as the process is made in two amendments reported in later months as more data is collected. The response rate grows for the first and second amendment as more businesses send their reactions to tabulate their reactions.
BLS explained in its video that from 2020 to 2023, the average collection rate for the first publication of a given month Employment level 68.3%. This figure increased by 89% for second publication (or first monthly amendment), and up to 92.8% for the third publication (or second monthly modification).
Businesses can report incorrect data that they correct later, or fail to give timely reactions to initial reports, but still can be included through the amendment. (Photographer: David Paul Morris / Bloomberg via Getty Image / Getty Image)
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Non-reaction and sample error
The reason for two underlying monthly amendments is to allow time for businesses and agencies who did not report on time to first or second published estimates to respond to the survey.
You can also present wrong information to the respondents which can be cured later due to the presence of first and second amendment. BLS reporting processAs more samples are collected and reported in the modification process, it reduces reporting errors and non-reaction errors to promote data quality.
President Donald Trump and his administration have continued to defend the firing of the bureau of Labor Statistics Commissioner Erica McNarfar in a reported jobs report last week. (Anna Moneymaker / Getty Image / Getty Images)
BLS makes seasonal adjustments for its data based on the most current month to make seasonal adjustments rather than a forecast. This requires seasonal adjustment that is to be done for the previously reported data. Including that process and new sample data over time, the agency allows the agency to amend the annual data and reduce errors.
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Non-reaction and reporting errors, as well as the birth and death of firms, accumulate on a monthly basis. To address this, BLS undergoes an annual benchmarking process to prevent data from further removing the data to re -enter the current population data.
The BLS benchmark population matters for the month of March every year. The agency said in its most recent monthly jobs report that its initial benchmark would be released in early September this year, which would be finalized in February 2026.
