Due to suspicions of manipulation of employment data, Trump has fired the head of the US Department of Labor.

By: theblockbeats.news|2025/08/02 10:42:23

BlockBeats News, August 2nd, according to AXIOS, White House senior economic adviser Stephen Miran said that a key economic data agency needs a "fresh look," but he did not echo President Trump's claim of political manipulation of Friday's employment data. Trump on Friday ordered the firing of the Labor Statistics Bureau director (the non-farm data release agency), after earlier baselessly claiming that disappointing employment data was "manipulated." The bureau later confirmed that director Erika McEntarfer was fired, with her deputy William Wiatrowski serving as acting director.

The July jobs report released earlier on Friday showed the addition of only 73,000 jobs last month. The Labor Statistics Bureau also announced substantial revisions, indicating that employment was 258,000 fewer than previously believed. This marks the second-largest downward revision on record, second only to the revisions during the pandemic.

Trump previously stated: "(Non-farm) employment data is manipulated to embarrass Republicans and me — just like around the 2024 presidential election."

-- Price

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Due to suspicions of manipulation of employment data, Trump has fired the head of the US Department of Labor.

-- Price

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Contents

Popular coins

Latest Crypto News

Data: In April, BTC rose by 11.87%, and ETH rose by 7.3%

The Central Bank of Brazil prohibits the use of virtual assets for settlement in regulated eFX cross-border payment channels

Brother Maji's trading account lost 4.42 million dollars this week, with a total loss of 75.6 million dollars

Data: The current 8-hour average funding rate for BTC across the entire network is -0.0032%

Data: ETH current average funding rate across the network for 8 hours is -0.0009%