CNBC Daily Open: That's not how revisions to job numbers work
Cracks appear in the U.S. jobs market. Trump fires labor statistics commissioner after jobs report. BYD records its first monthly delivery decline in 2025. U.S. stocks suffer their worst day in months. Robotaxis are becoming a reality, and some companies are poised to win. After U.S. jobs figures for May and June were significantly revised downward by the Bureau of Labor Statistics — cutting a combined 258,000 from previous figures — President Donald Trump, accusing BLS Commissioner Erika McEntarfer of political bias and data manipulation, revised her employment status to "terminated." Government officials from both sides of the political spectrum had plenty to say about that. "Bottom line, Trump wants to cook the books," said Ron Wyden, the top Democrat on the Senate Finance Committee. Meanwhile, Republican Senator Rand Paul told NBC News that "you can't really make the numbers different or better by firing the ...