"Markets have to trust the data are not manipulated," said Erika McEntarfer, the former head of the Bureau Labor of Statistics, in her first remarks since her firing. "Firing your chief statisticians for releasing data you do not like, it has serious economic consequences."…
https://www.theguardian.com/business/2025/sep/17/labor-statistics-chief-trump-erika-mcentarfer
…Howard Lutnick, told CNBC that the jobs reports will be better once the administration makes changes to the Bureau of Labor Statistics…
https://www.theguardian.com/business/2025/sep/05/august-us-jobs-report-explainer
Why it matters: TIPS are government securities that adjust payouts based on the official inflation rate. If the validity of those numbers weakens, the market could lose an important hedge against inflation…
https://www.axios.com/2025/08/13/trump-bls-inflation-ej-antoni
https://www.youtube.com/watch?v=rqY4T-Vy4oY
Prof Abraham said updates are part of the process and she was not surprised to see such large revisions for May and June, given increased difficulty of collecting responses and lack of investment in new methods - and the wider slowdown in the economy, driven in part by new tariffs.
"It's always difficult when you're at a point where things may be changing and then you add to that the fact that staffing has been constrained and the agencies haven't had the resources to invest in following up with respondents the way they might have in the past," she said...
https://www.bbc.com/news/articles/c9wyp2kk1e5o
According to those new figures, employers are pulling back on hiring to a dramatic (and unexpected) degree, economic growth is slowing, and consumer prices are rising. And there are strong indications that Trump's trade and immigration policies are driving all of these trends.
While last week's data provides little sign of an imminent recession or inflationary crisis, protectionism is still imposing a heavy toll on US households and businesses. And if hiring continues to slow — while firms' input costs persistently rise — there is some risk that economic growth could stall out completely.
https://www.vox.com/politics/422053/jobs-report-trump-tariffs-us-economy-gdp-inflation-ai
President Donald Trump claimed without evidence that the massive revisions to the latest jobs report constituted a "scam," accusing one of the top overseers of government statistics of cooking the books in a vendetta against his presidency...
https://www.cnn.com/2025/08/04/business/bureau-of-labor-statistics-jobs-report-explainer-hnk
