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CBS America

Breaking down the weaker-than-expected jobs report

CBS America · 19 days ago
CBS America
CBS America
19 days ago

President Trump on Friday ordered the firing of the labor statistics boss just hours after the release of a weak jobs report. Axios economics reporter Courtenay Brown joins CBS News with analysis.

Breakdown
  • US unemployment rate remains stable at 4.2 percent, indicating a healthy labor market. 23s
  • Major revisions reduced job growth estimates by 236,000 over the past two months. 37s
  • Only 73,000 jobs were added in July, showing weaker-than-expected growth. 1m 13s
  • The White House dismissed the commissioner overseeing the jobs report following the data revisions. 1m 48s
  • Officials emphasized the need for economic statistics to remain politically independent, with no evidence of data manipulation. 2m 17s
PoliticsEmployment