4.4 • 102.8K Ratings
🗓️ 5 August 2025
⏱️ 29 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | From the New York Times, I'm Natalie Ketrowef. |
0:04.5 | This is the Daily. |
0:11.0 | For most Americans, the government's monthly jobs number was a pretty dull statistic. |
0:17.8 | Until a few days ago, when President Trump angrily fired the person responsible for producing it, |
0:24.4 | the commissioner of the Bureau of Labor Statistics. |
0:28.8 | Now, from Washington to Wall Street, everyone's wondering whether you can still trust federal statistics |
0:35.2 | if the president is willing to just get rid of people |
0:38.5 | who give him facts he doesn't like. |
0:42.3 | Today, I speak with my colleague, Ben Castleman, about how the government's economic data |
0:48.2 | suddenly turned into a national drama. |
0:55.8 | It's Tuesday, August 5th. |
1:02.3 | Ben, I just want to start by acknowledging that we may be on the brink of the nerdiest daily episode ever, |
1:14.8 | but I am really excited to have you on for this because, honestly, this is kind of your Super Bowl. |
1:22.1 | I mean, you have made a career of labor numbers, and this time, we didn't just get job numbers. There was extreme |
1:32.1 | drama around these job numbers. So I want to get into it. How did this whole fight start? |
1:41.7 | So every month, the Bureau of Labor Statistics, or the BLS, puts out this big report on jobs, hiring, employment, unemployment from the previous month. |
1:55.7 | And it is my Super Bowl 12 times a year. |
1:58.9 | Lucky for you. |
1:59.8 | It's my Super Bowl. |
2:00.8 | It's a Super Bowl for a lot of econ nerds around the country. |
2:05.6 | And that's because this is in some ways the most important single number or single set of numbers that we get about the economy each month. |
2:15.6 | It matters to regular people, right? This is about whether people |
... |
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