What really goes on at the Bureau of Labor Statistics (Update)
Summary
The article discusses the Bureau of Labor Statistics (BLS) and its role in creating the monthly jobs report, which recently showed weaker growth than expected. It highlights that President Trump fired the official responsible for these figures and explains the process behind compiling the jobs report.Key Facts
- The Bureau of Labor Statistics is responsible for the monthly jobs report.
- The latest report showed weaker job growth than expected.
- President Trump fired the person in charge of the jobs report numbers.
- The jobs report helps businesses make decisions and the Federal Reserve set interest rates.
- The article includes a re-airing of a detailed look at how BLS collects and compiles the jobs report data.
- The original broadcast of this segment occurred on June 6, 2022.
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