National Economic Council director Kevin Haset discussed the latest job reports, Labor Statistics Chief Firing and Fox News on Sunday on the consumer impact of Tariff.
CEO of Bank of America Brian Mionihan In an interview on Sunday, the President of Labor Statistics Bureau was due to politics after the report of weak jobs, although he said that government employment figures should be improved.
Mionihan appeared CBS News’ “Facing the nation with Margaret Brainon” and was asked if he is concerned about the President’s Bureau of Labor Statistics (BLS) Commissioner Bureau Firing and does he think he thinks political pressure.
Mionihan said, “Okay, I think it’s more politics.” Report of monthly jobs,
“This is 2025 and should be able to have data – they use surveys and such things that are clearly, simply not as effective. So if you look at the rate of people responding to your surveys, it is below the level of 60% to 50%,” he explained.
Trump’s order after Job Report and Downward Amendment End of Labor Statistics Officer
Bank of America President and CEO Brian Mionihan said that there may be better ways to track employment figures. (John Lampperki / Getty Images)
Mionihan said Bank of America Labor does not use surveys to assess market data and instead depends on their data what business and consumers are doing.
Mionihan said about BLS, “We see what consumers do.
He said, “We get the data more flexible and more approximate and more understandable? Because what a boom around, and it was one of the biggest restrictions, five or seven years back in the epidemic, five years in the epidemic, which doubts around it,” he said.
“And so I think the key is, let’s spend some money. Let’s bring the information together. Let’s find where else the government’s money is mentioned. We report millions and millions of data points to the government every day. The data is out somewhere,” said Moionihan.
American job growth in July got cold amid growing economic uncertainty
The BLS reported its July job reports on Friday, which revealed that the US economy added 73,000 jobs last month – below the benefits of 110,000 jobs estimated by economists voted by LSEG.
The agency also reported that it is called “bigger than normal” set Amendment at the bottom In the former two months for the job, only 19,000 to 19,000 jobs were added out of 125,000 to 125,000 jobs, while the profit of 147,000 jobs in June was reduced from 133,000 to 14,000.
Those two amendments left the level of employment in May and June, which was with 258,000 less jobs than the first report. Economists of Goldman Sachs mentioned that this was the biggest two -month amendment for May and June, based on the assumption that it is the assumption that America is currently not in recession,
chairman Donald Trump To make the announcement, he took his true social platform that he directed his administration to set fire to BLS Commissioner Erica McActurfer, alleging manipulating jobs for political purposes.
Trump wrote, “I was just informed that our country’s ‘Jobs Numbers’ is being produced by the Commissioner of Dr. Erica McAnteer, Dr. Erica McAnteref, who stopped the number of jobs before the election to increase and promote the possibility of Kamala’s victory.” “This is the same Labor Statistics Bureau that extended the increase of jobs in March 2024 and then, just before the 2024 presidential election, in August and September, by 112,000. These records were – these records – no one can be wrong?”
“We need the number of accurate jobs. I have directed my team to set this biden political appointment on fire,” Trump said. “Such an important number should be appropriate and accurate, they cannot be manipulated for political purposes. MCENTARFER stated that only 73,000 jobs were added (a blow!) But, even more importantly, a big mistake by him, 258,000 jobs downwards, in two former months. Similar things happened in the first part of the year, always for negative. “
President Donald Trump said that his administration would nominate a new BLS commissioner in the near future. ( / Getty image)
Trump called the number of BLS Commissioner’s job as ‘the biggest miscaols in more than 55 years’
In January 2024, MCENTARFER was confirmed by the Senate as a BLS Commissioner on a broad bipartisan vote of 86-8. Current Vice President and then-Sen. JD VanceR-Ohio was one of the voting senators in support of their confirmation.
Trump said in the weekend that his administration would “announce” New statistician In the next 3, 4 days, “adding that” we had no faith, the number was ridiculous that he announced “and that” this is a scam, in my opinion. ,
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On Monday, the President continued to claim that the job reports were manipulated, writing on the truth social:
“Last week’s job report was rigged, as the number of presidential elections was rigged. That is why, in both cases, there were large -scale, record setting modifications in favor of the radical Left Democrats. There were record setting modifications. Outside, fake political numbers that were imposed for an extraordinary replacement for a great Republican success.
