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Trump Fires Labor Chief Amid Hiring Optimism Decline

8/24/2025

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Summary

Story summary

President Trump removed the head of the Bureau of Labor Statistics after a poor July jobs report.
A Conference Board survey indicates 20% of U.S. employers plan to cut hiring in late 2025, nearly double last year's rate.
This is the second year of declining hiring expectations among chief human resource officers.
Hiring optimism peaked in Q2 2023, with over half of executives expecting increases.

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Story summary

President Trump removed the head of the Bureau of Labor Statistics after a poor July jobs report.
A Conference Board survey indicates 20% of U.S. employers plan to cut hiring in late 2025, nearly double last year's rate.
This is the second year of declining hiring expectations among chief human resource officers.
Hiring optimism peaked in Q2 2023, with over half of executives expecting increases.