“Permanently impaired”: Trump administration won’t release economic data for October

The Trump administration mentioned this week that several key pieces of U S economic records for October including inflation and employment figures will not be disclosed The White House cited the prolonged regime shutdown saying it left statistical agencies unable to gather or verify the information Press Secretary Karoline Leavitt informed reporters Wednesday that the Bureau of Labor Statistics could not complete its usual surveys during the -plus days the cabinet was shuttered All of that economic statistics will be permanently impaired Leavitt revealed blaming Democrats refusal to agree to the administration s budget demands She added that the opposition had permanently damaged the federal statistical system Related It s still in the positive Trump organization tries to spin brutal jobs document after firing BLS chief Americans know the economic activity is bad Rep Shri Thanedar D-Mich responded on social media Trump is trying to cover up the numbers but we all have eyes ears and bank accounts They don t want to release the dismal inflation or jobs numbers for October and are claiming that it s the fault of the Democrats added Ron Filpowski the editor-in-chief of MeidasTouch The BLS typically conducts two major surveys each month to produce the jobs summary one polling businesses to estimate payroll progress and another asking households about employment status to calculate the unemployment rate While much of the business-side figures can be reconstructed functionaries say the household survey which relies on reaching people directly was impossible to conduct retroactively without risking unreliable results A statement from the outplacement firm Challenger Gray Christmas last week estimated that U S employers cut more than jobs in October Trump is wrecking our market system wrote Rep Jason Crow D-Colo on X at the time jobs lost last month the worst October record in over years Higher prices and fewer jobs Particular golden age huh Kevin Hassett who heads the National Economic Council explained Thursday on Fox News that the regime may still release half the employment assessment but not the unemployment rate We ll never in fact know for sure what the unemployment rate was in October Hassett announced Read more about this topic Fired Labor commissioner should sue Trump for defamation Trump s resilient financial sector hides cracks in job domain Getting worse Majority of Americans think business activity is in decline under Trump The post Permanently impaired Trump administration won t release economic information for October appeared first on Salon com