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

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

Wall Street Rallies Despite Dismal Jobs Data as Fed Rate Cut Hopes Surge

Despite weaker-than-expected job data, Wall Street surged as investors bet on Federal Reserve rate cuts and the resilience of the tech sector to support markets.

International Business Times UK

Here’s what the doomsayers are getting wrong about the job market, according to a Wall Street veteran

“This implies that the weak gains in payrolls in recent months might have something to do with the supply of labor.”

Fortune

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read the most diverse news in one place.

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

Trump Says To Name New Labor Statistics Chief This Week

President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market.

International Business Times

Americans are slashing their spending as worries over the economy grow: ‘This time feels different’

The U.S. economy added just 73,000 jobs in July

The Independent UK

Trump firing of labor statistics chief ‘undermines credibility’, ex-leaders say

Former commissioners call on Congress to act after Trump fires Erika McEntarfer over ‘rigged’ employment data

The Guardian - US

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Morning Joe ridicules GOP for justifying Trump’s firing of Labor Stats chief: ‘Put on their Baghdad Bob hat’

‘I guess they understood they were going to follow the Baghdad Bob line, and they all did it this weekend,’ Joe Scarborough said Monday morning.

The Independent UK

Banana republic? Trump puts credibility of US economic data on the line

Trump’s firing of the head of the Bureau of Labor Statistics raises fears for the integrity of official statistics.

Al Jazeera

Now is the time for Democrats to hammer Trump on the economy

With inflation and unemployment rising, Democrats must speak out – and show they care about the average voter

The Guardian - US

Trump Says Will Name New Economics Data Official This Week

US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief -- after ordering her dismissal as a new report showed weakness in the US jobs market.

International Business Times

Firing the Data-Collectors

Plus: IVF about-face, Corporation for Public Broadcasting to shut down, and more...

Reason

Fired BLS head joins list of people fired by Trump

She joins a growing list of people fired by Trump since January.

Fortune

Labor department's data upset may have sealed the deal for a base rate cut

The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.

Fortune

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Fortune

Former General Electric CEO Jack Welch once claimed the jobs numbers were faked. How did that turn out?

Also: All the news and watercooler chat from Fortune.

People

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