Trump Fires BLS Commissioner Erika McEntarfer After 73K Jobs Report, 258K Downward Revisions & Market Slump
Trump Fires BLS Commissioner Erika McEntarfer After 73K Jobs Report, 258K Downward Revisions & Market Slump Key Takeaways President Trump fired BLS Commissioner Erika McEntarfer hours after July’s weak jobs report showed only 73,000 jobs added and massive downward revisions for May/June . Accusations without evidence : Trump claimed McEntarfer manipulated data to help Kamala Harris in the 2024 election, despite her Senate confirmation (86-8) and bipartisan respect . Markets recoiled : Stocks plunged (Dow -600 pts, Nasdaq -2%), Treasury yields fell, and Fed rate cut odds surged to 80% for September . Expert backlash : Economists called the firing “deeply worrisome,” stressing BLS data’s independence as the “gold standard” for global labor metrics . Context : Trump previously praised BLS reports when favorable and proposed an 8% staff cut at the agency earlier in 2025 . The Phone Rang at Dawn The phone rang at dawn. The kind of call that starts with silence and ends with ...