Bank of America's CEO responds to weak jobs report that spurred Trump firing of BLS chief
1. Moynihan criticizes political influence on BLS commissioner’s firing after weak jobs report. 2. Job additions in July were only 73,000, below economist estimates. 3. BLS revisions show 258,000 fewer jobs added in May and June than reported. 4. Moynihan emphasizes need for better data collection methods over traditional surveys. 5. Political tensions around employment data could affect market perception and investor confidence.