Fox Business host Stuart Varney pressed Labor Secretary Lori Chavez-DeRemer on a poor jobs report that "doesn't look good for the Trump economy."Before Varney'sFox Business host Stuart Varney pressed Labor Secretary Lori Chavez-DeRemer on a poor jobs report that "doesn't look good for the Trump economy."Before Varney's

Fox Business host grills labor secretary: 'It doesn't look good for the Trump economy'

2026/03/07 00:02
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Fox Business host Stuart Varney pressed Labor Secretary Lori Chavez-DeRemer on a poor jobs report that "doesn't look good for the Trump economy."

Before Varney's interview with Chavez-DeRemer on Friday, Fox Business correspondent Connor Hansen noted that the economy lost 92,000 jobs in February instead of the expected gain of 59,000.

"Healthcare lost 28,000 jobs following a large spike in January," he observed. "Leisure and hospitality lost 27,000. Construction losing 11,000. The federal government with 10,000 less jobs and manufacturing down 12,000."

"Labor Secretary Lori Chavez-DeRemer joins me now," Varney announced. "Madam Secretary, 92,000 jobs out in February. Fewer jobs in healthcare, fewer jobs for information services because of AI, the weather hurt things, government employment down."

"If you add it all up, it doesn't look good for the Trump economy," the host pointed out.

"Yeah, I couldn't agree with you," the secretary disagreed. "I think we have to address the fact that this is not a good report in its raw numbers, but we have to also talk about why this possibly has happened, this snapshot in time."

Chavez-DeRemer placed the blame on winter storms and a health care strike in California.

"But overall, we've gained 60,000 new jobs over the last two months," she insisted.

"And we did get revisions for December and January," Varney replied. "69,000 fewer jobs created than previously reported. So can we rely on your numbers?"

"Yeah, absolutely," Chavez-DeRemer remarked. "I think the president, that's exactly what he was questioning early in the year when he took office."

"We don't like to see these revisions," she added. "We want to make sure that we have integrity through BLS, we have integrity in the numbers."

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

The post Silver Prices Edge Closer to a Pivotal Support and Resistance Test appeared on BitcoinEthereumNews.com. The silver market, although experiencing recent
Share
BitcoinEthereumNews2026/03/07 11:29
U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
[Newspoint] Overpaid troll

[Newspoint] Overpaid troll

KAUFMAN. Former president Rodrigo Duterte's lawyer Nicholas Kaufman delivers his opening statement before the ICC Pre-Trial Chamber I on February 23, 2026.
Share
Rappler2026/03/07 11:00