Trump criticizes Biden administration over significant jobs report revision [Video]
Categories
Small Business Growth

Trump criticizes Biden administration over significant jobs report revision [Video]

Former President Trump quickly jumped on a massive downward revision by the Labor Department on new job growth, charging in a social media post that the Biden-Harris administration “PADDED THE NUMBERS.”

The Labor Department on Wednesday announced that the nation’s economy added far fewer jobs last year and earlier this year than previously reported. 

According to the Labor Department, monthly payroll statistics overstated new jobs by roughly 818,000 during the 12-month period that ended in March of this year. That’s a downward revision of nearly 30%.

DEMOCRATIC NATIONAL CONVENTION: LIVE UPDATES

Economists see the updated figures as further signs of a weakening labor market, which had remained strong the past couple of years as the nation’s economy soared following a massive recession during the coronavirus pandemic. The jobs surge had continued despite high interest rates and increased concerns of a pending recession.

Trump, the Republican Party’s presidential nominee, has long slammed both President Bidenand Vice President Kamala Harris — who last month replaced her …

Watch/Read More

Most Popular Posts Today

Trump names Brendan Carr, senior GOP leader at FCC, to lead the agency [Video]
►
Categories
Small Business Growth

Trump names Brendan Carr, senior GOP leader at FCC, to lead the agency [Video]

President-elect Donald Trump on Sunday named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband.Carr is a longtime member of the commission and served previously as the FCC's general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and President Joe Biden to the commission.The FCC is an independent agency that is overseen by Congress, but Trump has suggested he wanted to bring it under tighter White House control, in part to use the agency to punish TV networks that cover him in a way he doesnt like.Carr has of late embraced Trump's ideas about social media and tech. Carr wrote a section devoted to the FCC in Project 2025, a sweeping blueprint for gutting the federal workforce and dismantling federal agencies in a second Trump administration produced by the conservative Heritage Foundation.Trump has claimed he doesnt know anything about Project 2025, but many of its themes have aligned with his statements.Carr said in a statement congratulating Trump on his win that he believed "the FCC will have an important role to play reining in Big Tech, ensuring that broadcasters operate in the public interest, and unleashing economic growth.Commissioner Carr is a warrior for Free Speech, and has fought against the regulatory Lawfare that has stifled Americans Freedoms, and held back our Economy, Trump said in a statement on Sunday. He will end the regulatory onslaught that has been crippling Americas Job Creators and Innovators, and ensure that the FCC delivers for rural America.The five-person commission has a 3-2 Democratic majority until next year, when Trump gets to appoint a new member.Carr has made appearances on Fox News Channel, including when he slammed Democratic Vice President Kamala Harris appearance on Saturday Night Live the weekend before the election charging that the network didnt offer equal time to Trump.Also a prolific writer of op-eds, Carr wrote in an opinion piece for The Wall Street Journal last month decrying an FCC decision to revoke a federal award for Elon Musks satellite service, Starlink. He said the move couldnt be explained "by any objective application of the facts, the law or sound policy.In my view, it amounted to nothing more than regulatory lawfare against one of the lefts top targets: Mr. Musk, Carr wrote.

Most Popular This Week