WASHINGTON (AP) — The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it. Trump claimed that June’s employment figures were “RIGGED” to make him and other Republicans “look bad” yet provided no evidence. The firing of the Bureau of Labor Statistics director followed Friday’s jobs report that showed hiring was weak in July and had come to nearly a standstill in May and June. Economists and Wall Street investors have long considered the job figures reliable. Friday’s revisions were unusually large, and the surveys used to compile the report are facing challenges from declining response rates. But that hasn’t led most economists to doubt them.… Continue Reading
