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PBS News Hour - Segments

With government jobs report delayed, what other data reveals about the economy

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 7 November 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

The labor market may not be cratering, but it does not look very strong. This week, a private report found 42,000 new jobs were created last month. Then, a separate report found more than 150,000 jobs were cut in October – the highest in over two decades. Paul Solman takes a look at the official numbers from the government and the questions over whether the measurements are outdated. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

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0:00.0

If the government were not shut down, we would have received the latest official report today

0:05.0

on jobs and unemployment. Instead, it's the second straight missing report, leaving employers,

0:10.7

workers and policymakers trying to understand the labor picture without crucial data. One thing seems

0:16.7

clear. The labor market may not be cratering, but it doesn't look very strong. This week, one

0:21.9

private report found 42,000 new jobs were created last month, then a separate report found

0:27.7

that more than 150,000 jobs were cut in October, the highest in over two decades, and tied

0:33.7

in part to the AI boom. Paul Salman has been looking into the most recent

0:38.0

official unemployment numbers and questions

0:40.6

over whether the government's own measurements are outdated.

0:43.6

Joe Biden.

0:45.7

I know someone to see a larger number today, and so did I.

0:49.0

George W. Bush.

0:50.2

The fundamentals are strong.

0:52.1

We're just in a rough patch.

0:53.4

Barack Obama. It's a reminder that we're still in a rough patch. Barack Obama.

0:54.2

It's a reminder that we're still in the middle of a very deep recession.

0:58.5

Donald Trump is not the first recent president vexed by a dreary number of jobs created,

1:03.7

but he is the first to declare war on the data.

1:06.7

We're doing so well, I believe the numbers were phonyed. So you know what I did? I fired her.

1:12.6

And you know what? I did the right thing.

1:15.0

Which her? Erica McIntarfer, then commissioner of the BLS, the Bureau of Labor Statistics.

1:20.9

In August, hours after a BLS report showing slow job growth and large downward revisions for previous months, Trump

...

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