News

July Jobs Report Shows Hiring Slowed: 5 Key Takeaways

The U.S. economy added 73,000 jobs in July, which is fewer than expected, as the unemployment rate increased to 4.2%.

Did DOGE contribute to the BLS jobs report that Trump hated? Economist Mark Zandi thinks so

Elon Musk’s DOGE may have completed much of its work in the federal bureaucracy, but the trickle-down effect from Musk’s ...

In rejecting the jobs report, Trump follows his own playbook of discrediting unfavorable data

Trump has a go-to playbook if the numbers reveal uncomfortable realities, and that’s to discredit or conceal the figures and ...

Markets now betting Fed will cut rates in September after disappointing jobs report

The probability of a Federal Reserve rate cut in September jumped dramatically following weak employment data, with market ...
Marketplace1d

That bombshell jobs report? Some economists saw it coming.

Nguyen said sure, the report showed the labor market was weaker than he’d thought. But, he said, “the data actually reaffirms ...

Economy Updates: After a Weak Jobs Report, Trump Fires That Agency’s Commissioner

Hours after data showed cracks in the U.S. economy, President Trump said without evidence that Erika McEntarfer “rigged” the ...

Bank of America's CEO responds to weak jobs report that spurred Trump firing of BLS chief

Bank of America CEO Brian Moynihan said there must be better ways to collect employment data after President Trump fired the ...