{"id":111110,"date":"2025-08-01T20:03:13","date_gmt":"2025-08-01T20:03:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/111110\/"},"modified":"2025-08-01T20:03:13","modified_gmt":"2025-08-01T20:03:13","slug":"trump-fires-commissioner-of-labor-statistics-after-weaker-than-expected-jobs-figures-slam-markets","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/111110\/","title":{"rendered":"Trump fires commissioner of labor statistics after weaker-than-expected jobs figures slam markets"},"content":{"rendered":"<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/108180672-17540731091754073106-40990683874-1080pnbcnews.jpg\" alt=\"Liesman: No evidence that jobs data is politicized\"\/><\/p>\n<p>President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt.<\/p>\n<p>In a <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114954846612623858\" target=\"_blank\" rel=\"noopener\">Truth Social post<\/a> that also directed even more fire at Fed Chair <a href=\"https:\/\/www.cnbc.com\/jay-powell\/\" target=\"_blank\" rel=\"noopener\">Jerome Powell<\/a>, Trump accused BLS Commissioner Erika McEntarfer of being a political appointee who was manipulating jobs data.<\/p>\n<p>&#8220;I was just informed that our Country&#8217;s &#8220;Jobs Numbers&#8221; are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala&#8217;s [Harris&#8217;] chances of Victory,&#8221; Trump wrote.<\/p>\n<p>&#8220;We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,&#8221; he added.<\/p>\n<p>CNBC has reached out to the BLS for comment. NBC News confirmed that McEntarfer has been fired. The BLS operated under the Department of Labor, whose commissioner, Lori Chavez-DeRemer, is a Trump appointee.<\/p>\n<p>The stunning demand came the same day that the BLS reported <a href=\"https:\/\/www.cnbc.com\/2025\/08\/01\/jobs-report-july-2025.html\" target=\"_blank\" rel=\"noopener\">a gain of just 73,000 nonfarm jobs<\/a> in July, below market expectations. In addition, the bureau revised the two previous months down sharply, cutting a combined 258,000 from the prior counts, putting the three-month growth rate at a paltry 35,000. It was the biggest two-month downward revision since April 2020, the early days of the Covid crisis.<\/p>\n<p>Trump and congressional Republicans have repeatedly criticized the BLS over the years for its data collection. In particular, the large revisions have been a target.<\/p>\n<p>In his spending plan this year, Trump proposed an 8% reduction in staff at the bureau, raising questions over the integrity of its counts on employment, consumer prices and multiple other economic metrics. The bureau has had to impute a growing amount of estimated data into a number of its reports.<\/p>\n<p>Dr. Erika McEntarfer, Commissioner of Labor Statistics<\/p>\n<p>Source: Bureau of Labor<\/p>\n<p>&#8220;Important numbers like this must be fair and accurate, they can&#8217;t be manipulated for political purposes,&#8221; the president wrote. &#8220;McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months. Similar things happened in the first part of the year, always to the negative.&#8221;<\/p>\n<p>Prior to Friday&#8217;s report, Trump repeatedly has championed the strength of the labor market. After the June numbers had been released initially, the White House put out a statement calling it a &#8220;June Boom.&#8221;<\/p>\n<p>The weak jobs report Friday preceded a <a href=\"https:\/\/www.cnbc.com\/2025\/07\/31\/stock-market-today-live-updates.html\" target=\"_blank\" rel=\"noopener\">sharp drop in markets<\/a>, with the Dow Jones Industrial Average off more than 500 points and the tech-focused Nasdaq off more than 2%. Treasury yields also slumped.<\/p>\n<p>&#8220;I can&#8217;t believe what I just saw,&#8221; said Peter Mallouk, president and chief investment officer of Creative Planning. Trump&#8217;s social media post seemed like a parody or satire at first, Mallouk said.<\/p>\n<p>&#8220;This is not healthy,&#8221; he added. &#8220;We can&#8217;t have a set of numbers come out and fire somebody that served under numerous administrations in various roles because you don&#8217;t like the numbers.&#8221;<\/p>\n<p>Along with his tirade against McEntarfer and the BLS, Trump for at least the third time Friday tore into the Fed&#8217;s Powell, who has advocated that the central bank not lower interest rates until it has a better idea of how the president&#8217;s tariffs will impact inflation.<\/p>\n<p>&#8220;The Economy is BOOMING under &#8216;TRUMP&#8217; despite a Fed that also plays games, this time with Interest Rates, where they lowered them twice, and substantially, just before the Presidential Election, I assume in the hopes of getting &#8216;Kamala&#8217; elected \u2013 How did that work out?&#8221; Trump wrote. &#8220;Jerome &#8216;Too Late&#8217; Powell should also be put &#8216;out to pasture.'&#8221;<\/p>\n<p>The Federal Open Market Committee, the central bank&#8217;s monetary policy arm, on Wednesday <a href=\"https:\/\/www.cnbc.com\/2025\/07\/30\/fed-leaves-interest-rates-unchanged-as-expected.html\" target=\"_blank\" rel=\"noopener\">voted to keep its benchmark interest rate steady<\/a>, where it has been since December. However, following the weak jobs report, futures markets priced in a strong possibility the Fed will cut in September.<\/p>\n","protected":false},"excerpt":{"rendered":"President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that&hellip;\n","protected":false},"author":3,"featured_media":111111,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[76,64,81,79,142,67,132,68],"class_list":{"0":"post-111110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-breaking-news-politics","9":"tag-business","10":"tag-business-news","11":"tag-economy","12":"tag-jerome-powell","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114955301981407321","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/111110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=111110"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/111110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/111111"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=111110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=111110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=111110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}