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Filtering by entity: Bureau of Labor Statistics | Clear Filter
Summary:Donald Trump announces the nomination of Dr. E.J. Antoni as the next Commissioner of the Bureau of Labor Statistics, citing a booming economy and expressing confidence that Dr. Antoni will ensure honest and accurate numbers.
Sentiment:Campaigning
Key Claims:
- Donald Trump is nominating Dr. E.J. Antoni as the next Commissioner of the Bureau of Labor Statistics.
- Dr. E.J. Antoni is a Highly Respected Economist.
- The economy is booming.
- Dr. E.J. Antoni will ensure that the numbers released are honest and accurate.
- Dr. E.J. Antoni will do an incredible job in this new role.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:2/10
Summary:The post claims that the country's jobs numbers are being manipulated by Dr. Erika McEntarfer, the Commissioner of Labor Statistics and a Biden Appointee, who allegedly faked figures to influence elections. It cites past overstatements and recent downward adjustments in jobs data as evidence of manipulation. The author states a directive has been given to immediately fire Dr. McEntarfer, who will be replaced, to ensure fair and accurate numbers. The post also asserts that the economy is booming under "TRUMP" and criticizes the Federal Reserve and Jerome Powell for allegedly lowering interest rates before the election to benefit Kamala, advocating for Powell's removal.
Sentiment:Vindicative and Directive
Key Claims:
- The country’s “Jobs Numbers” are being produced by Biden Appointee Dr. Erika McEntarfer, the Commissioner of Labor Statistics.
- Dr. Erika McEntarfer faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory.
- The Bureau of Labor Statistics (BLS) overstated Jobs Growth in March 2024 by approximately 818,000.
- The BLS overstated Jobs Growth right before the 2024 Presidential Election, in August and September, by 112,000.
- These overstatements were "Records" and are evidence that the errors were intentional and not accidental.
- Accurate Jobs Numbers are needed.
- Donald Trump has directed his Team to fire Dr. Erika McEntarfer immediately.
- Dr. Erika McEntarfer will be replaced with someone much more competent and qualified.
- Important numbers like jobs data must be fair and accurate and cannot be manipulated for political purposes.
- Dr. Erika McEntarfer stated only 73,000 Jobs were added recently and admitted a major mistake of 258,000 Jobs downward in the prior two months.
- Similar downward adjustments happened in the first part of the year, always to the negative.
- The Economy is BOOMING under “TRUMP”.
- The Federal Reserve also plays games, this time with Interest Rates.
- The Fed lowered interest rates twice, and substantially, just before the Presidential Election, in hopes of getting “Kamala” elected.
- Jerome “Too Late” Powell should also be put “out to pasture.”
Potential Market Impact (S&P 500):6/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:6/10
Summary:A newspaper article highlights a projected significant increase in real wage growth for blue-collar workers under Donald Trump's potential second term, contrasting it with declines observed during Joe Biden's administration and other past presidencies.
Sentiment:Triumphant
Key Claims:
- Blue-collar real wage growth reached almost 2% in the first five months of Donald Trump's projected second term, which would be the largest increase in 60 years.
- Joe Biden's administration saw a negative real wage growth of -1.7% in 2021 for blue-collar workers.
- Donald Trump's first term (2017) also showed positive real wage growth (1.3%).
- Falling inflation under Trump (projected second term) is contributing to improved blue-collar wages.
- Biden's policies, including a purported removal of 'emphasis on manufacturing' and the influx of 'illegal migrants,' put pressure on wages.
- A Trump-backed 'budget reconciliation bill' would provide relief for blue-collar workers and eliminate federal income taxes on overtime pay.
Potential Market Impact (S&P 500):2/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:2/10
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