What to Know About the Jobs Report That Led Trump to Fire the Labor Statistics Chief Amid Trade War Fallout
President Donald Trump directed his Administration on Friday to fire the head of the Bureau of Labor Statistics, after the agency released a report that showed that the U.S. added fewer jobs in July than many economists had expected, indicating that job growth has stalled in the aftermath of Trump enacting a number of controversial economic policies. The President slammed Erika McEntarfer, the commissioner of the bureau, on Truth Social, saying that the country’s jobs report was “being produced by a Biden Appointee.” “We need accurate Jobs Numbers,” Trump said in his post. “I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.” The report, released earlier in the day, found that the U.S. added 73,000 jobs last month. The unemployment rate increased slightly, from 4.1% in June to 4.2% in July. The data come after economists have expressed concern that the Trump Administration’s flip-flopping tariff policies and sweeping layoffs at federal agencies could slow economic growth. Some Democratic lawmakers slammed the Administration upon the release of the Labor Department’s report. “American families deserve an economy that works for them. But under president Trump, job growth is slowing, costs keep rising, and the Big Ugly Law is stripping health care from millions,” Democratic Rep. Brendan F. Boyle of Pennsylvania, Ranking Member of the House Budget Committee, said in a press release. “While he hands out tax breaks to billionaires and stokes reckless trade wars, middle-class families are left paying the price.” Read More: Why Growing the Economy from the Bottom Up is America’s Best Bet Here’s what to know about the latest jobs data. The report made significant revisions to data from past months In addition to releasing July employment data, the Labor Department also revised data from May and June based on recalculations and additional information received from businesses and government agencies. The revisions, the report says, “were larger than normal.” Employment in May and June combined is 258,000 lower than what the department previously reported. Those revisions meant that only 19,000 jobs were added in May (before, the department had reported 144,000) and just 14,000 jobs were added in June (the department had previously reported 147,000). The significant revisions to the data suggests that the labor market may be struggling more than experts previously thought. The federal government sector continued to lose jobs Federal government employment fell again in July, with a loss of 12,000 jobs, according to the report. The sector has lost 84,000 jobs since the start of the year. The report notes that employees who are on paid leave or are receiving ongoing severance pay are considered employed, and so are not included in this tally. The Trump Administration has initiated mass layoffs across a number of federal agencies in recent months, including the Department of Health and Human Services, the Department of Agriculture, and the Department of Veterans Affairs, among others. Read More: Achieving Sustainable Growth Requires Rethinking the Economy The manufacturing industry lost jobs for the third month in a row The U.S. also lost 11,000 manufacturing jobs last month, marking the third month in a row that employment has declined in that industry. The sector lost 15,000 jobs in June and 11,000 in May. The Trump Administration has said that tariffs would help manufacturers and push Americans to buy products domestically. But reports have indicated that manufacturers have struggled as tariffs have driven up the cost of materials from other countries. Where jobs are still growing Employment continued to increase in two industries: health care and social assistance. The health care industry added 55,000 jobs in July, above the average monthly addition of 42,000 jobs over the prior 12 months. Job gains in that sector last month occurred particularly in ambulatory health care services and hospitals, according to the report. About 18,000 jobs were added in social assistance last month. According to the Wall Street Journal, health care and social assistance are industries that typically thrive regardless of the state of the economy.استثمارت «ماجد الفطيم» في مصر تتجاوز 2.8 مليار دولار
قال أحمد جلال إسماعيل، الرئيس التنفيذي لشركة ماجد الفطيم القابضة، أن استثمارات الشركة في مصر تجاوزت 2.8 مليار دولار. شركة ماجد الفطيم القابضة ألقى أحمد جلال إسماعيل، الرئيس التنفيذي لشركة ماجد الفطيم القابضة، كلمة خلال فعالية توقيع شراكة استراتيجية بين كل من شركة “ماجد الفطيم”، وشركة “ميدار” للاستثمار والتنمية العمرانية بمقر مجلس الوزراء، بحضور الدكتور […]
«انجل ييست» لإنتاج الخميرة تتوسع في بني سويف بخطوط إنتاج جديدة بتكلفة 250 مليون دولار
تتوسع شركة انجل ييست إيجيبت للصناعات الغذائية، في مصنعها بمحافظة بنى سويف ، بخطوط انتاج جديدة برأس مال يبلغ 250 مليون دولار. الصناعات المعدنية والملابس الجاهزة وواصل خالد هاشم وزير الصناعة جولته بمحافظة بني سويف بتفقد مصنعين متخصصين في الصناعات المعدنية والملابس الجاهزة بمنطقة بياض العرب الصناعية ومصنع للمنتجات الغذائية بمنطقة بني سويف الجديدة، وقد […]
مصر وجنوب أفريقيا يعتزمان التعاون الاستثماري في قطاع السيارات
تعتزم مصر التعاون الاستثماري مع جنوب أفريقيا في قطاع السيارات خلال الفترة المقبلة، بالإضافة إلى إلى عدد من القطاعات الأخرى. تعزيز التكامل الاقتصادي مع الدول الأفريقية وفي إطار جهود وزارة الاستثمار والتجارة الخارجية لتعزيز التكامل الاقتصادي مع الدول الأفريقية وتوسيع الشراكات التجارية والاستثمارية داخل القارة وتنفيذًا لتوجيهات القيادة السياسية، عقد محمد فريد صالح، وزير الاستثمار […]
"ماجد الفطيم القابضة" تشكر الرئيس السيسي على فتح آفاق جديدة للاستثمار
ألقى أحمد جلال إسماعيل، الرئيس التنفيذي لشركة ماجد الفطيم القابضة، كلمة خلال فعالية توقيع شراكة استراتيجية بين كل من شركة "ماجد الفطيم" عالم المال : المصدر "ماجد الفطيم القابضة" تشكر الرئيس السيسي على فتح آفاق جديدة للاستثمار
"هرمز" بين الإغلاق والفتح.. ما تأثير ذلك على أسواق النفط؟
الإغلاق المتكرر لمضيق هرمز يزيد من تكلفة الشحن والتأمين، ويؤدي بحسب خبراء إلى استمرار ارتفاع أسعار النفط فوق مستويات ما قبل حرب إيران.