Trump orders fire chiefs of government labor data after work reporting, stunning the market in a massive revision to previous report
President Donald Trump ordered the doctor to be fired on Friday. Erika MecentarferCommissioners of the Bureau of Labor Statistics (BLS) will set fire to political and economic fires when the administration tackles Unexpectedly weak work numbers This included a major downward revision of job data over the past two months. “I instructed the team to fire this Biden political appointee right away,” Trump said. Social Media Friday.
The decision follows the release of its employment report in July, indicating that only 73,000 non-farm pay jobs have been added to the US economy. The report also includes a rapid downward revision over the past two months, stripping 258,000 jobs from previous estimates, with unemployment rates of up to 4.2%.
On social media, Trump also claimed without evidence that Mantelfer “falsed work numbers before the election” to increase the likelihood of Kamala’s victory, referring to his defeat to Vice President Kamala Harris, whom he lost in the 2024 election. Trump declared: “These important figures must be fair and accurate. They cannot be manipulated for political purposes.”
McEntarfer, appointed in January 2024, previously held senior positions within the Federal Statistics Agency. The move shows rare and dramatic interventions in federal economic reporting. since then Founded in 1884BLS operates independently of political pressures, and its data was pre-scheduled and released to reduce the risk of operations. BLS Commissioners usually serve four-year terms confirmed by the Senate, and primarily respects office autonomy, regardless of economic headwinds.
Speaking in a employment report that included a massive downward revision that he called a “big mistake,” Trump added, “it always happened negatively in the first part of the year.”
The market responded quickly to employment reporting and sudden leadership shaking. Stocks fell sharply on Friday as investors consumed weaker jobs along with uncertainty caused by disruption within government statistics agencies.. Treasury yields have fallen as traders increased their bets on the imminent Federal Reserve interest rate cuts. Trump and some Republican allies have also accused the Fed of timing to help Democrats..
Mentarfer, which has not yet issued an official statement, was widely regarded as a data-focused technocrat. White House officials have not yet appointed a replacement.
For this story, luck Generated AI was used to assist with initial drafts. The editors checked the accuracy of the information prior to publication.