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Revisions, jobs report

CBS News on MSN · 1d

How unusual are jobs numbers revisions? According to experts, they're a common feature.

While the downward revision of May and June payroll growth by 258,000 marked the largest two-month downward revision to the jobs numbers since 1968, revisions themselves are not uncommon. Revisions are "a feature, not a bug" of the agency's reporting process, Erica Groshen, former BLS commissioner under the Obama administration told CBS MoneyWatch.

Fox Business on MSN · 2d

Why does the Labor Department revise jobs reports? Here are 3 reasons

The Bureau of Labor Statistics' jobs report revisions are standard practice to improve data accuracy as more businesses respond to surveys, contrary to President Donald Trump's claims of rigged numbers.

NBC News on MSN · 2d

Jobs data revisions are common. Here's how the process works.

President Donald Trump fired the commissioner of the Bureau of Labor Statistics, claiming that last week’s jobs report “was rigged” without providing any evidence

Trump says he doesn't trust jobs data

cleveland.com on MSN · 2h

5 things to know about the jobs report controversy that has economists defending government data

Response rates to government surveys have plummeted since COVID, but experts say that doesn't mean the numbers are wrong despite Trump's claims.

Associated Press News on MSN · 1d

Trump says he doesn’t trust the jobs data, but Wall Street and economists do

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it.

Boston.com · 1d

Trump removes official overseeing jobs data after dismal employment report

Trump removed the head of the agency producing monthly jobs figures after a report showed hiring slowed in July and was weak in May and June.

2don MSN

Trump fires labor official over weak jobs number, orders criminal probes of past opponents

Trump fires Bureau of Labor Statistics commissioner Erika McEntarfer after disappointing July jobs report, claiming the ...

2don MSN

Bank of America's CEO responds to weak jobs report that spurred Trump firing of BLS chief

Bank of America CEO Brian Moynihan said there must be better ways to collect employment data after President Trump fired the ...

2d

Republicans Suddenly Distrust Jobs Data After Trump Fires Statistics Chief

President Trump’s decision to fire the head of the Bureau of Labor Statistics forced his allies into the awkward spot of ...

15hon MSN

Fed official says last week's jobs revisions could signal an economic turning point

Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an ...

4h

Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid

The New York-based fitness technology company generated revenue of $607 million in the quarter ending in June. Though that ...

1d

Getting Jobs Done: Why This Philosophy Is The Future Of Business

1. Focusing on doing what only you can do. 2. Letting go of the rest (but only to people you’d trust with your own reputation ...

1don MSN

Markets now betting Fed will cut rates in September after disappointing jobs report

The probability of a Federal Reserve rate cut in September jumped dramatically following weak employment data, with market ...

1don MSN

UC must reconsider policy barring undocumented students from jobs, court rules

A California court ruled that the UC system's policy banning the hiring of undocumented students on campus is discriminatory ...

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