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."

-- Price

--

You may also like

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

The Cryptographic Past of the Middle East

Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Popular coins

Latest Crypto News

Read more