BREAKING: Trump to fire Biden-appointed Bureau of Labor Statistics Commissioner after July jobs report

Trump posted to Truth Social: "I was just informed that our Country’s 'Jobs Numbers' are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory. This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election, in August and September, by 112,000."

"These were Records — No one can be that wrong? We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. 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. McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months. Similar things happened in the first part of the year, always to the negative. The Economy is BOOMING under 'TRUMP' despite a Fed that also plays games, this time with Interest Rates, where they lowered them twice, and substantially, just before the Presidential Election, I assume in the hopes of getting 'Kamala' elected – How did that work out? Jerome 'Too Late' Powell should also be put 'out to pasture.' Thank you for your attention to this matter!

The US economy added 73,000 jobs in July, according to the BLS, coming in below some economists' estimates for jobs added in the summer month. The report sparked some economic concerns after there were also some downward job growth revisions on previous months. This also comes as growth in GDP has signaled strong economic growth in the second quarter this year, as Trump has been implementing different policies on trade.

The BLS release stated that "total nonfarm payroll employment changed little in July (+73,000) and has shown little change since April." Unemployment moved from 4.1 percent to 4.2 percent, however, the rate has been in the range of 4 t0 4.2 percent since March this year.

Friday was also the deadline for the Trump administration's tariffs imposed on a number of different countries. The stock market dipped with the news of the tariffs as well as the large downward revision in the jobs reports for May and June.

The BLS stated, "Revisions for May and June were larger than normal. The change in total nonfarm payroll employment for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised down by 133,000, from +147,000 to +14,000. With these revisions, employment in May and June combined is 258,000 lower than previously reported."