FOX Business’ Cheryl Casone breaks down the September jobs report.
The Third Jobs Report added to the evidence that the US labor market is losing steam.
The September report, compiled by the Bureau of Labor Statistics (BLS), found that employment in July and August was restricted by 33,000.
Job creation in July was revised down by 7,000 from a gain of 78,000 to 72,000 to 72,000 and Job was reduced by 26,000 from a reduction of 4,000.
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The original shell was released on Oct. 3, The September jobs report has been delayed amid the nation’s longest government shutdown, which BLS workers are temporarily without.
According to the report, Federal employment fell by 97,000 from its peak. The BLS specifies that employees on paid leave or on layoff are always classified as employed in its establishment survey.
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The weak jobs picture has shaped how Americans view the economy.
According to the FOX News News Survey, 76% of voters rated the economy unfavorably, compared to 67% in July and 70% when President Joe Biden closed.
Most voters blame President Donald Trump’s fortune, with many who have taken responsibility for the current economy like former President Joe Beriden, and the three-term president saying his policies have hurt them personally.
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President Donald Trump has put the economy at the heart of his second term, pointing to tax cuts, flexibility, energy expansion and foreign investment as his evidence that they are working. (Aaron Schwartz/CNP/Bloomberg via Getty Images/Getty Images)
At the same time, approval of Trump’s economic management has fallen to a New Low, while disapproval of his overall performance has risen to record highs, even among some of his most conservative supporters.
Still, Trump has put the economy at the heart of his second term, pointing to tax cuts, flexibility, energy expansion and foreign investment as his credentials.
The narrative was tested in August, when he quickly fired the agency’s commissioner, Erika MCCARRFER. His removal came hours after the agency released new data showing that job growth had largely slowed.
US Department of Labor Bureau of Personnel Commissioner Erika MChomismer Eceka MComer was fired by President Donald Trump in August after a job report. (US Bureau of Labor Statistics / Handout / Reuters / Reuters)
The Bureau revised May and June gains of 258,000 jobs, marking an unusually large correction that drew sharp criticism from Trump.
“In my opinion, today’s jobs numbers were skewed to make the Republicans, and myself, look bad,” Trump said of the social reality.
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The conflict with those numbers comes as the BLS is still reeling from the burnout.
On Wednesday, the US Department of Labor said the October Jobs report would not be released as a standalone report, as agency staff failed to compile a key part of the report during the government shutdown.
The delay means voters and markets will have to wait until December to get a clear picture of the direction of the labor market.
FOX Business’ Eric Revell had an impact on this report.
