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Recent US labor data shows a slowdown in job creation, with August adding only 80,000 jobs. Unemployment remains low at 4.2%, but signs of a cooling labor market are evident. Political interference and policy uncertainty are contributing to hiring hesitations, raising questions about economic resilience. Today's date & time: Thu, 11 Sep 2025 20:45:11 +0100.
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Recent US labor market data shows a slowdown, with initial unemployment claims rising to the highest since October 2021. The Bureau of Labor Statistics (BLS) faces criticism after revising job creation figures downward by 911,000, raising concerns over data accuracy and political influence. The firing of BLS head McEntarfer highlights tensions over data integrity. Today's date & time: Thu, 18 Sep 2025 14:25:38 +0100.
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Erika McEntarfer was unexpectedly dismissed by President Trump after criticizing political interference in economic data. Her departure raises concerns about the independence of the Bureau of Labor Statistics, especially following revelations of significant overestimations of job creation and political appointee replacements. The controversy underscores tensions over data integrity and political influence.
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The US added 119,000 jobs in September, a sign of a softening labor market, but the unemployment rate increased to 4.4%. The data, delayed by the government shutdown, shows mixed signals about economic strength and influences Federal Reserve policy debates.