Trump to fire commissioner according to work statistics after weaker than expected

President Donald Trump Friday fired the authorized Bureau of Labor Statistics, a few hours after the agency reported it work growth In the US, they slowed down to breakage.

In A Truth social post It also directed even more fire in the chair Jerom PowellTrump has accused the BLS commissioner Erichemerfer of being a political appointed job manipulated.

“I was just informed that the” jobs “of our country are produced by the appointed Biden, Dr. Eric Macertarfer, authorized by the statistics of work, who cheated on job numbers before the election to try to increase the chances of winning Kamala (Harris),” Trump wrote.

“We need accurate job numbers. I sent my team to dismiss this political biden. It immediately replaces someone much more competent and qualified,” he added.

The Bureau’s press secretary said CNBC: “BLS may confirm that Commissioner Eric Moderfer was abolished today. Deputy Commissioner William Viatrovsky will fulfill the duties of the BLS commissioner.”

BLS works in the Labor Department, whose commissioner Laurie Chavez-Dareer is appointed Trump.

Great demand came on the same day reported by BLS Profit is just 73,000 jobs In July, lower than market expectations. In addition, the bureau sharply revised two previous months, reducing joint 258,000 from previous estimates, putting a three -month growth rate by 35,000. This was the largest two -month revision since April 2020, the first days of the crisis.

Trump and Republicans Congress have repeatedly criticized BLS over the years for their data collection. In particular, great reviews were the goal.

In its plan, Trump proposed an 8% reduction in the bureau’s employees this year, raising questions about the integrity of its employment, consumer prices and several other economic indicators. The Bureau had to bring more and more estimated data to a number of reports.

“Such important numbers should be fair and accurate, they cannot be manipulated for political purposes,” the President wrote. “Mcenterfer said that only 73,000 jobs (shock!) Was added, but it is even more important that they made a big mistake, 258,000 jobs down, for the previous two months. Similar things happened in the first part of the year.”

Before the report on Friday, Trump has repeatedly advocated the labor market strength. After the June numbers were released initially, the White House outlined a statement called “June Boom”.

Poorly reported jobs on Friday preceded a sharp drop of marketsWith Dow Jones Industrial, an average of more than 500 points, and the NASDAQ technology excludes more than 2%. The Treasury also sank.

“I can’t believe what I just saw,” said Peter Maluk, the President and the Chief Investment Director for Creative Planning. The post on Trump’s social media seemed to be a paradi or satire at first, Maluk said.

“It’s not healthy,” he added. “We cannot go out for a set of numbers and dismiss a person who served under numerous administrations in different roles because you don’t like the figure.”

Along with its tirade against Mcenterfer and BLS, Trump, at least Friday, invaded Powell Fed, which advocated that the Central Bank did not reduce interest rates until there is better idea of how the tariffs will affect inflation.

“The economy flourishes under” Trump “, despite the Fed, which also plays in the game, this time with interest rates where they were lowered twice, and practically before the presidential election, I suppose hoping to get” Kamal ” – how did it work out?” Trump wrote. “Jerom” too late “Powell needs to be put” in the pasture “.

On Wednesday, the Federal Open Market Committee, the Central Bank’s CONDITION POLICY voted in favor of keeping a stable interest rateWhere it was from December. However, following the weaknesses of the jobs, futures markets for the price of a strong possibility that the Fed will shrink in September.