Navarro on Jobs: “It is either inefficiency or political intervention.”
White House Trade Adviser Peter Navarro on Friday criticized the BLS Statistics Office (BLS) for a series of reports on job growth, which he considered inaccurate.
Trump’s consultant has long said that BLS had a “worrying pattern” to provide the public with wrong information.
“The BLS does not seem to be able to obtain the job number correctly. This has continued for more than a year,” Navarro said during the “Hill” appearance.
The broadcaster Blake Burman said: “It is either inefficiency or political intervention, in both directions forward, rolls today, and this is appropriate, because this is simply not true,” said broadcaster Blake Burman.
The BLS reported that 73,000 jobs were created last month after correcting the May report to reflect the creation of 19,000 jobs compared to a preliminary report of 144,000. The office also corrected the number from June to 14,000 jobs adding after a preliminary report of 147,000.
On Thursday, President Trump launched BLS ERIKA MCENSANSARFer, claiming that she had inflated job reports to the Biden Administration before the 2024 elections. He said she was “fake job numbers before elections to try to enhance Kamala’s chances of victory.”
“It will be replaced by a more efficient and qualified person. Important numbers such as this must be fair and accurate, and cannot be manipulated for political purposes,” Trump is in a social position on Friday.
Navarro Burman told Friday that Trump’s move was “healthy”.
BLS did not immediately respond to the hill request for comment. The office often reviews the job report, but the volume of changes on Friday surprised the experts.
Navarro said, in his interview on Friday, that the reviews cost federations
“If we got this data when we have this data, when we should have obtained this data, the Federal Reserve yesterday was lowering interest rates by 50 basis points. So you think a kind of inefficiency or political undoubtedly is,” Navarro told Berman.
He added: “I mean, look, you had three months that were two months that were widely revised down, and it was one less than expectations. I mean, the federal reserve, this is a completely different image. I mean, there was a strong condition for 50 days, there is a huge case to reduce 50 basis points.”
Trump and his allies have prompted Federal Reserve Chairman Jerome Powell to reduce interest rates to reset the economy for several months. The president threatened to shoot Powell, who refused to change the path under pressure.
“The economy flourishes in the shadow of” Trump “despite the federal reserve that also plays games, this time at interest rates, as they reduced them twice, and greatly, immediately before the presidential elections, I assume in the hope of electing” Kamal ” – how did that succeed?” Trump wrote on Friday.
He added, “Jerome must also be placed too late,” on the pastures. ; Thank you for your interest in this issue. ”
Later in the day, he walked on his position when he asked Rob Venertte from NewSmax if the Federal Reserve would stay in his place in an interview.
“Well, it’s very annoying if he shot,” tell him. “So, I would likely say, yes.”
