Trump Orders Firing of BLS Commissioner Over July Jobs Report Data
CBS NewsAugust 1, 20255 min32,124 views
11 connectionsΒ·17 entities in this videoβTrump's Order to Fire BLS Commissioner
- π― President Trump announced on Truth Social that he has ordered the firing of Dr. Erika McEntarfer, the commissioner of the U.S. Bureau of Labor Statistics.
- π‘ The order stems from dissatisfaction with the July jobs report, which showed weak job growth and significant downward revisions to May and June's data.
- π£οΈ Trump stated that McEntarfer, a Biden appointee, is "not competent and qualified" and that accurate jobs numbers "can't be manipulated for political purposes."
July Jobs Report and Data Revisions
- π The July jobs report indicated only 73,000 new jobs were added, with unemployment ticking up to 4.2%.
- π Revisions to the May and June reports revealed approximately 258,000 fewer jobs than initially reported.
- β οΈ Trump specifically called out a March 2024 report that was overstated by 818,000 jobs.
Authority and Precedent
- β The president has the authority to fire the BLS commissioner, who was appointed in January 2024.
- π McEntarfer has a background in federal service, including roles at the Census Bureau and Treasury Department, and advised on the post-pandemic job market in the Biden White House.
- π Monthly jobs reports are frequently revised, a fact acknowledged by the business community and the speaker.
Broader Economic Context
- π The announcement comes as higher tariffs are set to take effect next week, impacting nearly every nation.
- π The Dow Jones Industrial Average was down about a percentage point due to the tariff news and the weak jobs report.
- π The president has a history of questioning government data and statistics, often casting doubt on official figures.
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Transcript22 segments
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Whatβs Discussed
Donald TrumpBureau of Labor StatisticsErika McEntarferJuly Jobs ReportJob GrowthUnemployment RateData RevisionsTariffsWhite HouseBiden AdministrationEconomic DataLabor Market
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