President Trump Accuses Federal Labor Agency of Data Manipulation
On Thursday, President Donald Trump accused the federal labor statistics agency of intentionally altering employment data to benefit his predecessor, Joe Biden. During a televised address from the Oval Office, Trump, accompanied by economist Stephen Moore from the Heritage Foundation, presented charts asserting that the Bureau of Labor Statistics (BLS) overestimated job creation by 1.5 million during Biden's two-year tenure.
Economic Highlights and Skepticism
Moore highlighted that in the first five months of Trump's presidency, median household incomes, adjusted for inflation, had increased by approximately $1,174, describing this as an 'incredible' achievement. Trump expressed skepticism about the accuracy of the BLS data, suggesting that the discrepancies were deliberate rather than accidental.
Controversies Surrounding BLS Data
The BLS is known for revising employment figures after initial reports, sometimes significantly. Recently, it revised downward employment growth for May and June by 258,000 jobs, a move that angered Trump. In response, he dismissed BLS Commissioner Er...