cupure logo
trumpgazatrumpspolicepeoplearrestedwarhousedealtariffs

Trump doubles down, insists jobs data was rigged against him

Trump doubles down, insists jobs data was rigged against him
President Trump on Tuesday repeated his claims that government jobs data was rigged, insisting — without evidence — the statistics were manipulated to make him look bad. Why it matters: The more the president says the economy's most crucial data point isn't believable, the more investors might question their investments. What they're saying: "The numbers were rigged. The numbers were rigged. Biden wasn't doing well, he was doing poorly," Trump told CNBC in an interview Tuesday morning."I think when somebody says the commissioner is not involved, I don't want to get into any arguments with anybody, why should I? She's a very nice woman, but when they say that nobody was involved, that it wasn't political, give me a break."Catch up quick: Last Friday, after a weak jobs report and historic downward revisions to prior reports, Trump fired the head of the Bureau of Labor Statistics, claiming — without evidence — that she'd of distorting the numbers for political purposes.Top aides quickly set out on a campaign to justify the firing, alleging BLS data was "very unreliable" and had been for years. The move nonetheless gathered swift bipartisan condemnation from economists and lawmakers, including normally staunch Trump allies. The intrigue: Hours after the BLS move, Federal Reserve governor Adriana Kugler resigned her seat five months early, creating a vacancy that Trump could fill with a future Fed chair-in-waiting. He said over the weekend he'd fill the Fed and BLS jobs this week. Editor's note: This is a developing story. Check back for updates.

Comments

Similar News

World news