This is not the way the job numbers work

Photo of author

By [email protected]


US President Donald Trump Air Force on August 1, 2025 at the joint base Andrews, Maryland.

Anna Monker Getty Images News | Gety pictures

After the American job numbers for the month of May and June have been widely revised by the Labor Statistics Office – which led to the revenge of 258,000 previous numbers – President Donald Trump, which sparked political bias and data processing to the BLS Erika Mcentarfer, a review of its job status to “termination”.

Government officials from both sides of the political corridor had a lot to say about it.

“The bottom line, Trump wants to cook books,” He said Ron Widen, the highest democratic of the Senate Finance Committee. Meanwhile, Republican Senator Rand Paul NBC News said This “you cannot really make the numbers different or better by launching people who do count.”

This step, in fact, has a whiff from the Chinese government, in August 2023, Stop version One of the young unemployment rates is that they were rising to record the highlands. (Beijing resumed Publishing data In January 2024.)

The fall tree makes a sound, regardless of whether anyone is around it to hear it. End a person who states that noise will not absorb sound waves again to a vacuum as well.

The markets were also sound in response to Trump’s launch of McNTarfer as well as the diligent job report. On Friday, the three main American indicators were the worst day in months, a sharp turn from the previous week, which witnessed successive days of its standard standard levels in S & P 500 and Nasdak.

This changes the calculus account. With a new tariff that is scheduled to enter August 7 – which can slow employment in the United States due to increased costs and doubts of companies – the economy and markets may weaken more. Then it becomes a matter of whether it is “”Taco Trade– “Trump is always going out” – will return, as the prohibition says.

Jeff Cox, and Manjan contributed to this report

What you need to know today

Cracks appear in the American job market. Non -agricultural salaries grew in July 73,000, less than Dow Jones estimated from 100,000. Unemployment increased to 10 basis points to 4.2 %. The numbers of June and May jobs were The revised is significantly lower.

Trump’s fire commissioners’ fires after the job report. In fact mailThe US President, BLS Commissioner, Irika Minarker, accused him of appointing a “fake job numbers before elections” and Provide inaccurate data.

BYD publishes the first monthly decrease in delivery in 2025. Shipping the largest EV maker in China 341,030 units in July, a 9.7 % decrease from the previous month. Other local competitors, such as Car and NewI also recorded a month decrease per month in July.

American stocks suffer from their worst day in months. Friday, S&P lost 500 1.6 %, is The worst day since May 21Breaking a 26 -day chain when the index movements remain within 1 %. Asia and Pacific markets have been mixed Monday, while oil prices fell on Output.

(Pro) robotics has become a reality. Waymo is, in the United States, the leader of the market so far, while Dowry land Fire and Bido Horse riding in the largest cities of China has been run. Analysts provide their evaluation The company will likely win the Robotaxi race.

Finally …

Singapore horizon at sunset.

Deejpilot | E+ | Gety pictures



https://image.cnbcfm.com/api/v1/image/108180924-1754286624167-gettyimages-2228110815-_mgl3696_xedfrci9.jpeg?v=1754286635&w=1920&h=1080

Source link

Leave a Comment