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