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Jobs, Revisions

Why the B.L.S. Regularly Revises Jobs Data

President Trump fired the head of the Bureau of Labor Statistics last week and described a jobs report that included a big downward revision as “rigged.”

CBS News on MSN · 21h

How unusual are jobs numbers revisions? According to experts, they're a common feature.

While the downward revision of May and June payroll growth by 258,000 marked the largest two-month downward revision to the jobs numbers since 1968, revisions themselves are not uncommon. Revisions are "a feature, not a bug" of the agency's reporting process, Erica Groshen, former BLS commissioner under the Obama administration told CBS MoneyWatch.

Fox Business on MSN · 1d

Why does the Labor Department revise jobs reports? Here are 3 reasons

The Bureau of Labor Statistics' jobs report revisions are standard practice to improve data accuracy as more businesses respond to surveys, contrary to President Donald Trump's claims of rigged numbers.

Trump, jobs report

CNN on MSN · 20h

The jobs report that enraged Trump was flashing a recession warning sign

The bad news in last Friday’s jobs report may have been overshadowed when President Donald Trump fired the commissioner in charge of producing it. But economists haven’t forgotten about America’s job market – and they’re growing concerned.

The Washington Post - Video o… · 17h

Trump now says jobs reports can’t be trusted

For months, President Donald Trump touted jobs data from the Bureau of Labor Statistics. But after a bad jobs report, he now says the data can't be trusted.

NBC News · 20h

Former head of BLS dismisses Trump claim of ‘rigged’ jobs report

President Trump fired the commissioner of the Bureau of Labor Statistics, claiming that last week’s jobs report “was rigged” without providing any evidence. Former Labor Statistics officials say that the commissioner typically doesn’t have a role in preparing the monthly jobs report.

Getting Jobs Done: Why This Philosophy Is The Future Of Business

1. Focusing on doing what only you can do. 2. Letting go of the rest (but only to people you’d trust with your own reputation ...

3hon MSN

UC must reconsider policy barring undocumented students from jobs, court rules

A California court ruled that the UC system's policy banning the hiring of undocumented students on campus is discriminatory ...

21hon MSN

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 ...

9hon MSN

Trump Says He Doesn't Trust the Jobs Data, but Wall Street and Economists Do

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after ...

Bayer says it has cut 12,000 jobs so far under restructuring push

Bayer said on Wednesday it had cut about 12,000 full-time positions since the start of a restructuring programme to speed up ...

1don MSN

Trump fires labor official over weak jobs number, orders criminal probes of past opponents

Trump fires Bureau of Labor Statistics commissioner Erika McEntarfer after disappointing July jobs report, claiming the ...

11h

Remote jobs in NC with $100K+ salaries: 8 work-from-home openings with high pay

Check out these remote-friendly jobs in NC that boast $100K+ salaries. The state of North Carolina currently has more than ...

2don MSN

Trump says the Bureau of Labor Statistics orchestrated a ‘scam.’ Here’s how the jobs report really works

President Donald Trump claimed without evidence that the massive revisions to the latest jobs report constituted a “scam.” ...

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