The members of the “Big Money Show” team have been discussing the slowing growth of jobs since July and calling on the Federal Reserve to take action on interest rates.
president Donald Trump On Friday, he criticized at the BLS statistics office and said that he would shoot at the head of work statistics after the American economy added less jobs than expected in July, and large reviews were made in two months, indicating that the economy and the labor market were weaker than previously believed.
Bls mentioned on Friday 74,000 jobs were added in JulyMuch less than the estimates of 110,000 economists covered by LSEG. The report also reviewed job growth in May and June down. May gains were reduced by only 125,000 to 19,000 jobs created, while June numbers were reviewed by 133,000 to 14,000 jobs only in that month.
According to BLS, it was the last time the review decreased more than 133,000 in March 2021, when it was revised to 146,000 years in the COVID epidemic.
Job growth in the United States was cooled in July, amid the increasing economic uncertainty
President Donald Trump speaks to the correspondents before leaving a campaign in Cincinnati, in the southern grass of the White House, Thursday, August 1, 2019, in Washington. (AP Photo/EVAN VUCCI) (AP / AssOVAL PRESS)
Trump In fact, he took to his social platform and wrote, “I have just reported that” job numbers “in our country are produced by one of the appointed Biden, Dr. Erika Minericfar, Commissioner for Labor Statistics, who fled the numbers of jobs before the elections to try to increase their number 818 thousand, 2024 the presidential elections, in August and September, by 112000.
“We need accurate job numbers. My team has ordered the dismissal of this political appoinent, Biden, immediately. It will be replaced by a more efficient and qualified person,” Trump continued.
The president wrote: “The important numbers must be such fair and accurate, and cannot be manipulated for political purposes.” “McNTarfer said that there are only 73,000 added jobs (shock!), But most importantly, there is a big mistake on their part, 258,000 jobs down, in the previous two months. Similar things occurred in the first part of the year, always to negativity.”
Washington, DC, June 21: The building of the US Department of Labor was seen in dusk on June 21, 2024 in Washington, DC. (J. David Ake / Getty Images / Getty Images)
“The economy flourishes in the shadow of” Trump “despite the federal reserve that also plays games, this time at interest rates, as they reduced them twice, and greatly, immediately before the presidential elections, I assume in the hope that” Kamal ” – how it was laid after it was too late” Powell “must be put after”. Thank you for your interest in this matter! “
The Federal Reserve’s favorite inflation scale shows that consumer prices rose again in June
In a sarcastic development, MCNTarfar was confirmed in the Senate in January 2024 with 86-8 voting. One of those who voted to confirm it was JD Vance.
The workforce participation rate was 62.2 %, after it changed slightly from one month – although it decreased by 0.5 percentage points last year.
US Vice President JD VANCE delivers a speech during the plenary session of the AI in Grand Palais in Paris, France, February 11, 2025. (Reuters)
The number of people who are considered unemployed in the long term, which is defined as unemployed for 27 weeks or more, has increased by 179,000 to 1.8 million. The unemployed in the long term constituted 24.9 % of all the unemployed in July.
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The workers who were part -time did not change for economic reasons in July, reaching 4.7 million. These workers preferred full -time jobs but they were part -time work because their hours had decreased, or they could not find full -time jobs.
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