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Bessent: How Can The Fed Set Rates When Jobs Data Is This Broken? "This Was A Five Standard Deviation Mistake"

Treasury Secretary Bessent defended President Trump's decision to fire Bureau of Labor Statistics (BLS) head Erika McEntarfer after unprecedented downward revisions to May and June jobs figures ...
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Repeat Jobless Claims Hit Four-Year High Amid Weak July Jobs Report

The number of Americans continuing to file for unemployment benefits has surged to its highest level in nearly four years, according to new federal data. Continued unemployment claims topped 1.97 ...