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Last year, the preliminary revisions to jobs data drew an uproar, when government reported that the economy created 818,000 fewer jobs in the year ending in March 2024 — in the biggest fix to federal jobs data in 15 years. Those revisions were later updated again to show 598,000 fewer jobs over the period ending in March 2024. At the height of presidential campaign cycle, Trump jumped on the revisions, to accuse Democratic presidential nominee Kamala Harris and Biden of “fraudulently manipulating job statistics” for political purposes.
Jobs numbers are prone to revisions when calibrated with less timely but more exact data from state unemployment offices because initial monthly data is based on surveys of around 121,000 businesses and other employers. That’s only a fraction of the millions of U.S. employers. Large changes to the monthly jobs numbers can happen when the economy is rapidly growing or shrinking, like during the pandemic. During those periods, federal officials often have a harder time estimating the number of businesses that are opening or shutting down. Plus, business response rates to government surveys have consistently fallen over the past decade. https://www.washingtonpost.com/business/2025/09/09/us-jobs-economy/?utm_source=alert&utm_medium=email&utm_campaign=wp_news_alert_revere&location=alert
First, the supposed showdown, first reported by Politico, lifts the lid on Trump’s nest-of-vipers political operation. Trump’s second administration has lagged the vicious infighting of his first, since he’s jettisoned anyone who saw themselves as an “adult in the room.” But the Bessent-Pulte bureaucratic cage match shows that Trump’s eight cacophonous months back in power are taking a toll.
It’s obvious that the first duty of Trump’s officials is to cater to his self-image of greatness rather than to the public. Hence the fawning North Korea-style genuflections that Trump requires in Cabinet meetings.
But flattery exacts a price. Trump’s team must tell him what he wants to hear — not what he should hear. Such self-censoring is always dangerous for presidents, who live inside bubbles of deference even in normal times
It’s even more hazardous under Trump, since the president is embarked on the riskiest, most unorthodox economic experiment in generations. His tariff wars have ripped up a global trading system that made the US the world’s mightiest economic power. Now, Trump wants to crush another cornerstone of US financial superiority: the independence of the Federal Reserve.
He’s not just pursuing another long-term obsession — scything interest rates. He could also get his hands on the Fed’s other levers, like regulating banks and bailouts, in a way that could profit him and his rich friends in the event of a major financial shock.. https://www.cnn.com/2025/09/09/politics/bessent-pulte-trump-lutnick-economy-tariffs-analysis?iid=cnn_buildContentRecirc_end_recirc&recs_exp=most-read-article-end&tenant_id=popular.en
CNN's Stephen Collinson notes that when Trump does something incendiary like seeming to threaten war on a city, it could be seen as a distraction from the growing perception that the economy is sputtering or the country is turning against his immigration policy. https://view.newsletters.cnn.com/messages/175737122841941cdd49de9cd/raw?utm_source=cnn_What+Matters+for+September+8%2C+2025&utm_medium=email&bt_ee=%2FrTdfDUz9D9MD%2FryASh7l%2BJHx0%2FVml9JBZap1ZwTlAbMUTX9UgQmCs1FwKbwkBNo&bt_ts=1757371228422 TOP NEWSLETTER what happened to WDJ or NYT ?
China underscored its growing global strength this week, with a huge military parade and a summit of foreign leaders that drew some leaders of countries—like India and Egypt—that have been friendlier to the US in recent decades. Fareed says the surprising development here is their turn away from the US and toward China. President Donald Trump’s tariffs, hostile rhetoric and ideological demands have alienated some important US friends; Fareed argues this is perhaps the greatest own [Trump’s] goal in modern foreign policy. https://view.newsletters.cnn.com/messages/175724827767650366edb52a9/raw?utm_medium=email&utm_source=cnn_Fareed%27s+Global+Briefing%2C+Sept.+7%2C+2025&bt_ee=dqjFeNLHLPNRRh1GRku9l%2FMZ0Kdg2lDHD%2BYqXr6o3E0mbWfUb6ruMkWLLhWu1E5N&bt_ts=1757248277678
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