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Stock Market Today: Dow Closes 500 Points Lower on Weak Jobs Report, New Trump Tariffs — Live Updates The Wall Street JournalLive Updates: U.S. Job Growth Pulls Back and Markets Fall After Trump Announces New Tariffs The New York TimesTrade War Turmoil, Rising Unemployment Send Markets Diving: Evening Briefing BloombergStock market today: Dow, S&P 500, Nasdaq tank as market confidence cracks under Trump tariffs, weak jobs data Yahoo Finance
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Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
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The Bureau of Labor Statistics sharply revised downward the number of jobs added in May and June and the unemployment rate ticked up to 4.2%.
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Trump fires labor statistics chief after large revision to jobs report The Washington PostTrump fires commissioner of labor statistics after weaker-than-expected jobs figures slam markets CNBCFed Governor Steps Down Early, Giving Trump Opportunity to Appoint New Official The New York TimesSenate to Trump on job numbers: Don't shoot the messenger Axios
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President Trump on Friday fired the head of the government agency that produces the monthly jobs report, claiming without evidence she was biased against him.
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Shockingly bad jobs report reveals a months-long stall and may trigger Fed rate cuts soon. 'Powell is going to regret holding rates steady' FortuneU.S. added just 73,000 jobs in July and numbers for prior months were revised much lower CNBCUS labor market cracks widen as job growth hits stall speed ReutersBig Downward Jobs Revisions Could Be a Warning Sign for the Economy The New York Times
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Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market.
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The Bureau of Labor Statistics said U.S. companies added fewer than half the number of new jobs created in June.
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