Overview
- The U.S. added 73,000 jobs in July, while the unemployment rate ticked up to 4.2%.
- Post-report revisions cut May and June payroll figures by a combined 258,000 jobs.
- President Trump accused Commissioner Erika McEntarfer of producing “rigged” data and ordered her dismissal.
- Deputy Commissioner William Wiatrowski has been installed as acting head of the Bureau of Labor Statistics.
- The conflict over employment data has heightened scrutiny of economic indicators and Federal Reserve rate decisions as the labor market shows signs of cooling.