Due to suspicions of manipulation of employment data, Trump has fired the head of the US Department of Labor.

By: theblockbeats.news|2025/08/02 10:42:23
0
Share
copy

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

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

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

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

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

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

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

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

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

How to reconstruct the prediction market using leverage?

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

The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com