The Daily

The Most Closely Watched Trump Firing in Washington

683 snips
Aug 5, 2025
In this insightful discussion, Ben Casselman, Chief Economics Correspondent for The New York Times, dives deep into the recent political upheaval following President Trump's firing of the Bureau of Labor Statistics commissioner. He explores the shaky trust in government economic data and its implications on public perception. The conversation touches on the complexities of job numbers, the potential manipulation of these figures, and historical parallels that highlight the crucial role of credible data in maintaining economic stability.
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INSIGHT

Jobs Report's Key Role

  • The monthly jobs report is the most important economic number, influencing policymakers and politics alike.
  • It directly shows how well the economy is doing and reflects on the president's performance.
INSIGHT

Economic Weakness Revealed

  • The July jobs number was below expectations and May-June jobs were revised down by 250,000.
  • This hints at possible deeper economic weakness than initially believed.
ANECDOTE

Trump Fires BLS Commissioner

  • President Trump publicly accused the BLS commissioner of rigging jobs numbers and ordered her firing.
  • This unprecedented move caused shock as it appeared to punish unfavorable economic data.
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