No. of Recommendations: 9
https://www.cnn.com/2025/08/01/business/trump-job-...President Donald Trump is directing his team to “immediately” fire Dr. Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, whom he accused of manipulating the monthly jobs reports for “political purposes.”
The BLS’ monthly labor report Friday showed that the US economy added only 73,000 jobs in July, far below expectations. It also sharply revised down the employment growth that had been previously reported in May and June – by a combined 258,000 jobs.
After the revisions, the jobs report showed the weakest pace of hiring for any three-month period since the pandemic recession in 2020.
“She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes,” Trump said on Truth Social Friday.
Trump also continued his attacks against Federal Reserve Chair Jerome Powell in the post, saying Powell “should also be put ‘out to pasture.’”
Jeff: In the context of "be careful what you wish for" Trump may get the interest rate he wanted if employment keeps tanking. Of course, it's hard to say the economy is booming if employment is tanking and sucking the stock market with it. I wonder which teacher gave him a gold star on his careful,y researched paper in junior high school when he suggested using tariffs to fix the economy.
Jeff
