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The Latest Breaking News from Jobs Report

Firing BLS Director Over Weak Jobs Report Is 'Banana Republic' Behavior

If a Democratic president tried to so directly politicize an independent agency, Republicans would be screaming about the coming tyranny.

Reason

Trump’s pick to head Bureau of Labor Statistics walks back his earlier plan to scrap monthly jobs reports

EJ Antoni first made the suggestion before Trump tapped him to lead the BLS

The Independent UK

Trump's BLS Pick Calls For Suspension Of Monthly Jobs Report: Data 'Needs To Be Fixed Immediately'

E.J. Antoni, the economist tapped by President Donald Trump to lead the Bureau of Labor Statistics and an architect of the Heritage Foundation’s Project 2025, suggested the agency should suspend monthly jobs reports in a Tuesday television appearance.

Benzinga

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Trump’s BLS appointee suggests suspending jobs report entirely until methods of data collection are ‘corrected’

"It’s a serious problem that needs to be fixed immediately," E.J. Antoni told Fox Business, adding that he may switch to a quarterly report.

Fortune

Trump nominates Bureau of Statistics critic to lead agency after previous head fired over bleak report

The previous commissioner of the labor agency was fired after the president raged at a poor showing in the recent jobs report

The Independent UK

Unemployment Claims Rise–And That's A Problem For The Fed

After more than a month of steady declines in weekly jobless claims, the first signs of weakness are starting to emerge, as a rise in unemployment is once again drawing attention to the disappointing jobs report released last week.

Benzinga

Paul Krugman Slams Donald Trump For Calling Jobs Report 'Rigged,' Says 'Every Accusation Is A Confession'

President Donald Trump's reaction to the latest jobs report, which showed a significant slowdown in hiring, has been met with sharp criticism from Nobel Prize-winning economist Paul Krugman.

Benzinga

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Fed Official Lisa Cook Flags 'Concerning' Jobs Report, Calls It 'Typical Of Turning Points' In US Economy

The recent jobs report has raised eyebrows at the Federal Reserve, with Governor Lisa Cook voicing her worries about what it could mean for the U.S. economy.

Benzinga

Former Trump advisor criticizes Trump's timing on ousting America's data czar: 'Like firing the referee'

After a historic downward revision to jobs numbers, Trump fired the head of the BLS. But critics on both sides say the move won’t fix deeper problems with jobs data.

Fortune

4 Stocks With Strong Earnings To Ride Out Market Volatility

Volatility returned to the markets in a significant way last week, as major indices posted their most substantial losses since April, following a mixed batch of earnings and a disappointing jobs report that included three months of downward revisions.

Benzinga

Former Obama adviser quips that Trump is ‘combing Fox News’ for new Labor Stats chief after firing

The president axed chief labor statistician Erika McEntarfer after a dismal July jobs report

The Independent UK

America’s Top Labor Board Official Just Gave Trump Everything He Needed to Pressure Fed Chair Powell To Lower Interest Rates — Then He Fired Her

President Donald Trump has dismissed Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), following the release of a weaker-than-expected July jobs report. The move has drawn national attention due to its timing, coming amid both economic uncertainty and ongoing discussions about the Federal Reserve’s interest rate policy.

Barchart

Stock Market Today: US Stocks Likely To Open Higher Despite Weak Jobs Report—Palantir, Vertex Pharma In Focus

U.S. stock futures are up on Monday after ending Friday deep in the red, following a disappointing jobs report by the Bureau of Labor Statistics.

Benzinga

Asian Markets Fluctuate As Traders Weigh Tariffs, US Jobs

Asian markets flitted between gains and losses Monday as investors continued to digest last week's tariff blitz by Donald Trump and a US jobs report that fanned fears about the world's top economy.

International Business Times

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Benzinga

Economists Warn US Close To 'Stall Speed' And Could 'Tip Over Into Recession' On Disappointing Jobs Report

The July Jobs report by the Bureau of Labor Statistics, released on Friday, is raising concerns among economists, who warn that the latest data and sharp downward revisions point to a labor market that is losing momentum and potentially edging toward a recession.

Fortune

The shock jobs report sets off this recession alert and holds fresh clues that AI may be boosting unemployment, JPMorgan says

"In episodes when labor demand slides with a growth downshift, it is often a precursor to retrenchment."

Euronews

US president Donald Trump sacks jobs data chief after dismal employment report

Trump's move followed Friday's jobs report that showed just 73,000 jobs were added last month and that 258,000 fewer jobs were created in May and June than previously estimated.

Investors Business Daily

Dow Jones Futures: Market Tries To Steady After Sell-Off; Palantir, AMD Earnings Ahead

The stock market sold off Friday on Trump tariffs and a bad jobs report. Here's what to do. Palantir, AMD headline another big earnings week.

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Fortune

Everyone’s watching Jerome Powell as warnings flash for the U.S. economy

“The July jobs report goes a long way toward providing the evidence of a weaker labor market that the Fed needs to justify cutting interest rates in the face of above-target inflation,” said Brian Rose at UBS Global Wealth Management.

Fortune

Trump orders firing of government labor data chief after jobs report stuns market with massive revisions to previous reports

July’s employment report showed that only 73,000 nonfarm payroll jobs were added to the U.S. economy, while revising the last two months down by 258,000 jobs.

Benzinga

What's Going On With Tesla Stock Today?

Tesla Inc (NASDAQ:TSLA) stock saw an early session dipm in line with broader market weakness following a surprisingly soft U.S. jobs report. Here’s what investors need to know.

Benzinga

Intel Stock Is Sliding Friday: What's Driving The Action?

Intel Corp (NASDAQ:INTC) shares are trading lower Friday morning, hit by a combination of recent, disappointing corporate guidance and a surprisingly weak U.S. jobs report that stoked fears of a broader economic slowdown.

Investors Business Daily

Stock Market Falls On Trump Tariffs, Jobs Report; Microsoft, Meta, Amazon Also In Focus: Weekly Review

The stock market sold off last week on Trump tariffs and a weak jobs report. Meta Platforms, Microsoft, Apple and Amazon were key earnings.

Kiplinger

July Jobs Report Renews Rate-Cut Hopes: What the Experts Are Saying

The July jobs report shows weakening in the labor market and lifts expectations for a September rate cut.

Investors Business Daily

Stock Market Today: Dow Loses 542 Points As Indexes See Red; Even Nvidia Falls

The major indexes all saw large losses with the Nasdaq composite taking it on the chin.

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