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PBS Suggests Distrust of Trump Tilt on 'Surprising Strength' of New Jobs Data
Is the PBS News Hour so “surprised” about the latest strong job market report under President Trump that it suspects a Trumpian plot to fudge the numbers? Look at co-anchor Amna Nawaz questioning economist Diana Swonk.
Geoff Bennett: There was surprising strength in the latest jobs report. Employers added 172,000 jobs last month, the third straight month of gains, 93,000 more jobs were added in March and April than previously estimated, and the unemployment rate stayed at 4.3 percent.
Amna Nawaz: Overall, the labor market appears strong, despite concerns about the war in Iran, rising prices and artificial intelligence.
After a celebratory soundbite from Kevin Hassett, the director of the White House National Economic Council, Nawaz turned to Diane Swonk, chief economist at accounting giant KPMG. She relayed the same aura of surprise at the positive figures.
Nawaz: So, Diane, this was an unexpectedly positive jobs report. How big a deal is this?
Swonk was less than enthusiastic.
Diane Swonk, Chief Economist, KPMG: ….Almost all the job gains that we saw were concentrated in the service sector. And I think it's important to look at what's under the hood, is, even as good as those numbers looked, we still saw very elevated numbers of what we call the underemployed, those having to take part-time, instead of full-time work or discouraged workers. And the duration of unemployment continued to rise.
PBS's Nawaz to economist Diane Swonk: "I have to ask you. There's a lot of concern after President Trump fired the head of the Bureau of Labor Statistics about whether or not numbers could be trusted moving forward. Is there any reason to doubt the data that we have seen today?" pic.twitter.com/EtbBLvnQjn
— Clay Waters