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'The revisions are hard evidence': White House struggles to justify firing of BLS chief over weak jobs numbers

1. Trump fired BLS Commissioner after weak job report revisions. 2. Critics warn this undermines trust in economic data. 3. Hassett claims revisions justify the firing, citing historical reasons. 4. BLS job report showed 73,000 jobs, well below expectations. 5. Economists fear data politicization affecting future credibility.

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FAQ

Why Bearish?

The firing of the BLS Commissioner amid poor data creates uncertainty. Historically, market responses have been negative during such political interventions.

How important is it?

The article highlights actions that may distort perception of economic health, directly impacting market sentiment and stability.

Why Short Term?

Immediate market reactions to job data revisions typically influence short-term trading significantly, as seen during previous firings or data manipulations.

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