Trump says he doesn't trust the jobs data, but Wall Street and economists do

  • Posted on August 5, 2025
  • By Business News Today
  • 3 Views
Trump says he doesn't trust the jobs data, but Wall Street and economists do

President Trump's firing of the BLS director over revised jobs data has sparked controversy, with accusations of political interference. Despite economists generally trusting the BLS, unusually large revisions and declining survey response rates raise concerns about data reliability. Reduced government funding further strains the ability to accurately gather economic data, potentially impacting future economic analysis.
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