President Donald Trump relieved Erika McEntarfer, a top official of the Labor Department, of her duties after a weak July jobs report, accusing her of manipulating the data on employment. No evidence has been put forward against McEntarfer.
A report released by the Bureau of Labor Statistics (BLS) revealed that only 73,000 new jobs appeared for July, with downward revisions for the two months, making a total of 258,000 fewer jobs than initially reported.
The president blamed McEntarfer, who was appointed under the administration of former President Biden, for the disparity, but no evidence has been tendered against her. The Bureau of Labor Statistics (BLS) refused to make any comment on the sacking.
The same day that Erika McEntarfer was fired, Adriana Kugler, the Federal Reserve Governor, penned his resignation letter, allowing the president to remodel the Fed sooner than expected.
The financial market is already jittering after the latest development with the weak jobs data and the president’s recent tariff threats.
The S&P has already fallen 1.6%, making it its steepest one-day drop in the last two months. Financial critics have warned that the integrity of federal institutions and economic risk is losing their credibility after the sacking and unfounded accusations.
“We need accurate job numbers. I have directed my team to fire this Biden political appointee IMMEDIATELY. She will be replaced with someone much more competent and qualified,” Trump said in a post on Truth Social.
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