Trump did not like the work report in July. So he slowed down the work statistics

President Donald Trump did not like what he saw in the July work report, and the government of employment data is not as a result.

The last monthly report from Bureau of Labor Statistics, published early Friday, showed that American employers added 73,000 jobs last monthMuch less than the economists estimated. With greater concern for Trump, and to financial marketsBLS said that it changed down, which previously announced employment data to May and June by a total of 258,000 jobs.

In Friday afternoon about Truth Social Trump, he said that he ordered his team to immediately shoot Erika MCTyarfer, Commissioner BLS. The president claimed that changes in the number of jobs are politically motivated, saying that “he was informed”, that Mcentarfer was appointed by former president Joe Biden.

“She will replace her with much more competent and qualified. Important such numbers must be honest and accurate, they cannot be manipulated for political purposes,” wrote Trump. “In my opinion, today’s numbers of jobs were forged so that the Republicans and I look bad,” said the president in the next position.

The sudden removal of BLS head may cause concerns about the credibility of government data, which economists and investors rely. William Beach, the denominator of Trump, who served as the BLS Commissioner before MCentarfer, called the dismissal “without basics” at the position at X, and said that “is a dangerous precedent and undermines the statistical mission of the office.”

The president accused Mcentarfer of issuing “false” work numbers before the election in 2024 to help the democratic presidential candidate Harris. He cited changes in data from March, August and September last year.

After the position of Trump, the secretary of work Lori Chavez-Deremer said that the deputy commissioner Bureau William Wiatrowski would be the director of the officer during the search for a new leader.

MCENTARFER was appointed as a position in January 2024, became a 16th person who manages the office, who also produces a monthly inflation report of the consumer price indicator and a monthly report on the job offer. It was confirmed by 86-8 votes in the Senate.

Trump is still fighting Powell Fed

In his positions regarding the work report on Friday, Trump once again aimed at the chairman of the Federal Reserve Jerome Powell for not lowering interest rates, also suggesting that the head of the central bank is politically motivated.

Trump said the Fed had lowered interest rates last autumn to help Harris win the election. “How did it work out? Jerome” too late “Powell should also be spoken in the pasture,” wrote the president.

Despite the pressure of Trump, Fed this week He decided to maintain a key interest rate. Powell and other FED officials argued that they must see more data on how the tariffs affect inflation before adjusting the rates.

Weak numbers of jobs He could call the Fed To become more comfortable with the idea of reduction of the rate. Fed has double fine To promote high employment and maintain price stability, and if the risk balance tilts more towards the softening labor market, the lower rates would be fine.

Market expectations regarding the reduction of the rate at the next Fed meeting at the meeting of the Political Committee in September increased on Friday. According to the fedwatch tools fedwatch fedwatch tools fedwatch fedwatch tools fedwatch fedwatch tool fedwatch CMe CME fedwatch cme fedwatch CME the ches fedwatch CHS fedwatch ches me taks at Luni three which short which you use.

Meanwhile, the Fed announced on Friday afternoon that Adriana Kugler, a member of the Governors’ Council and voter at the Federal Open Market Committee, would give way next week, before the end of her term of office in January.

This gives Trump the ability to appoint a governor, which promotes the reduction of rates. At Wednesday’s FOMC meeting of two governors – Christopher Waller and Michelle Bowman – in favor of the reduction of the rate, for the first time in over 30 years there were two dissidents in the committee.