President Trump fires BLS commissioner after July jobs report disappoints
President Trump said Friday afternoon on a social media that the management directs members to shoot Erika McentarferThe Bureau of Statistics of the Working Statistics Commissioner issued a July job report called “greater larger” revisions in the data between May and June on Friday after BLS.
The July Affairs Report, published on Friday morning, showed that the US economy added 73,000 jobs last month and the unemployment rate rose to 4.2%.
However, the most remarkable figures from the report were downward revisions in business gains in May and June, which saw that 258,000 work was taken from the initially reported.
While the earnings of May fell from 144,000 to 19,000, the additions were reduced from 147,000 to 14,000 initially reported.
Working Secretary Lori Chavez-Deremer appeared Confirm Mcentarfer’s Fire in a Post on XSaying that Deputy Commissioner William Wiatrowski would be the temporary president of BLS. Mcentarfer approved In January, he voted for 86-8 Senate in January.
These revisions in the publication of BLS on Friday, “since the recent forecasts and since the recalculation of seasonal factors have been caused by additional reports from enterprises and government agencies.”
On Friday, the economists were almost lifeless, according to the views of the work data of July and the revisions of the May and June pensions, some authorities, especially the Federal Reserve President Jerome Powell’s latest data and characterization reflecting a weaker labor market than suggested.
Wells Fargo Senior Economist Sarah House on Friday, “the work of the labor market announced by FOMC at the beginning of this week seems more controversial after the July employment report.”
Business gains in the last three months were an average of 35,000 average after Friday revisions.
In his position on Friday, Trump accused Mcentarfer and BLS of notifying the “fake” job numbers until last year’s elections and noted. Comparison Revision of February Last year, 2024 employment data showing the payroll growth were exaggerated with approximately 818,000 work.
“Important numbers like this should be fair and correct, they cannot be manipulated for political purposes, Tr Trump said in his position on Truth Social.
“Economy, this time, with interest rates, they have dropped them twice and significantly just before the presidential elections, ‘Kamala’ was selected – Jerome ‘too Late’ Powell’ın assuming how to come up to the pasture.”
