(Reuters) -The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large. Indeed, the combined downward revision for the two months of 258,000 was the largest – outside…
President Trump said in a social media post Friday afternoon that he directed members of his administration to fire Erika McEntarfer, commissioner of the Bureau of Labor Statistics, after the BLS on Friday published a July jobs report that contained what it called “larger than normal” revisions to data from May and June. The July…
By Davide Barbuscia NEW YORK (Reuters) -News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past months raised fears the Federal Reserve may have been flying blind in recent months and may need to play catch-up with interest rate cuts. Nonfarm payrolls increased by…