Hello, everybody, and thank you for tuning in to the weekly report.

Newsflash, governments lie.

Bureau of Labor Statistics Head is one of the latest persons President Trump has told,

You're fired.

President Trump said this month that he fired her because the President believed she manipulated

jobs data.

Manipulations, he stated, include the updated May and June BLS numbers showing the U.S.

Economy created 258,000 fewer jobs that originally reported, as well as the

weaker than expected July's job report. All of this, the President suggested, was designed

to make President Trump look bad. Following her firing, many commenters worried that President Trump's actions would create

the perception that government unemployment and inflation data is manipulated to produce

the numbers desired by the president. A loss of confidence in government

statistics could impact demand for U.S. Treasuries. This is because the value of Treasuries is

adjusted based on the BLS-issued Consumer Price Index. If investors don't trust the CPI figures, they can demand higher returns,

increasing government's interest payments. President Trump is correct that BLS manipulates statistics

related to the economy, but he has been doing so since long before Donald

Trump moved to the White House. For example, starting in 1994, the BLS stopped, including

discouraged workers who have stopped looking for work in the official unemployment category.

The BLS also includes those working part-time as employed, even if the only reason they are working part-time

is they cannot find full-time work. According to John Williams, publisher of the website Shadow Stats,

including discouraged and part-time workers who want full-time work in the unemployment figures

increases the unemployment rate by almost 20%. The government also understates the effects of inflation.

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