Due to suspicions of manipulation of employment data, Trump has fired the head of the US Department of Labor.
BlockBeats News, August 2nd, according to AXIOS, White House senior economic adviser Stephen Miran said that a key economic data agency needs a "fresh look," but he did not echo President Trump's claim of political manipulation of Friday's employment data. Trump on Friday ordered the firing of the Labor Statistics Bureau director (the non-farm data release agency), after earlier baselessly claiming that disappointing employment data was "manipulated." The bureau later confirmed that director Erika McEntarfer was fired, with her deputy William Wiatrowski serving as acting director.
The July jobs report released earlier on Friday showed the addition of only 73,000 jobs last month. The Labor Statistics Bureau also announced substantial revisions, indicating that employment was 258,000 fewer than previously believed. This marks the second-largest downward revision on record, second only to the revisions during the pandemic.
Trump previously stated: "(Non-farm) employment data is manipulated to embarrass Republicans and me — just like around the 2024 presidential election."
You may also like

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Every exchange is a "Universal Exchange."

The counterattack of traditional finance: Alliance chains are quietly reviving

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.

Curve Deploys Llamalend v2 on Optimism With 250,000 OP Incentives
Curve launched Llamalend v2 on Optimism with 250,000 OP incentives from the Optimism Foundation. The upgrade expands Llamalend beyond its earlier crvUSD-focused model, adding broader collateral support, LlamaRisk market reviews, and the ability to use Curve LP tokens as collateral.
