Trump fires of work statistics after the weakest function numbers are expected slam markets

president Donald Trump On Friday, the Commissioner of the Labor Statistics Office launched hours after the agency mentioned this Job growth In the United States, it slowed down to a Quran.

in Social truth Which also directed more fire on the Federal Reserve Chair Jerome PowellTrump accused BLS Commissioner Erika Mendarfar of being a politician who was manipulating job data.

“I have just reported that” job numbers “in our country are produced by the appointed Biden, Dr. Erika Minarker, a work statistics commissioner, who has forced the numbers of jobs before the elections to try to enhance Kamala’s chances (Harris”), “Trump wrote.

He added: “We need accurate job numbers. My team directed to launch this political appointment, Biden, immediately. It will be replaced by a more efficient and qualified person.”

“BLS can confirm Commissioner Erika Mcentarfer today. Deputy Commissioner William Witrofsky will work as an Acting Commissioner for BLS,” the office spokesman told CNBC.

BLS operates under the supervision of the Ministry of Labor, whose commissioner, Lori Chavez-Dadrimer, is the appointment of Trump.

The amazing step came on the same day as BLS A profit of 73,000 jobs only not visited In July, less than market expectations. In addition, the office has sharply reviewed the previous two months, as it reduced 258,000 of the previous charges, which put the growth rate for three months at 35,000 synonyms. It was the largest decline in two months since April 2020, which is the first days of the Kovid crisis.

Republicans have repeatedly criticized Republicans and Congress over the years to collect data. In particular, the big reviews were target. Trump indicated that BLS also last year The main reviews were announcedBringing salary profit for 12 months before March 2024 by 818,000.

In his spending plan this year, Trump suggested a 8 % decrease in employees in the office, which raised questions about his integrity of employment, consumer prices and multiple economic standards. The office had to impose an increasing amount of data estimated in a number of its reports.

The president wrote: “The important numbers must be such fair and accurate, and cannot be manipulated for political purposes.” “McNTarfer said that he only added 73,000 jobs (shock!), But most importantly, there is a big mistake on their part, 258,000 jobs below, in the previous two months. Similar things occurred in the first part of the year, always to negativity.”

Before Friday’s report, Trump has repeatedly defended the strength of the labor market. After issuing the June numbers at the beginning, the White House made a statement called “June Break”.

The weak job report was previously reported on Friday A sharp decrease in the marketsWith the average Dow Jones Industry Maleft is more than 500 points and the technology that focuses on technology over 2 %. Treasury revenue also declined.

“I cannot believe what I just saw,” said Peter Maluk, the president and chief investment official in creative planning. Maluk said that Trump’s social media appearance seemed to be a satirical or satirical simulation at first.

“This is not in good health,” he added. “We cannot get a set of numbers and shoot a person who served under many departments in different roles because you don’t like the numbers.”

William Beach, who is appointed Trump in 2017 and the direct ancestor of Minarker in BLS, criticized her shooting.

“The fully calm shooting of Dr. Erika Minarker, Khalti as a BLS work statistics, puts a dangerous precedent and undermines the statistical mission of the office,” Beach Posted on X.

“This escalates the unprecedented president’s attacks on the independence and integrity of the federal statistical system,” added Beach statement. “The president seeks to blame someone for unwanted economic news.”

Along with Tirade against McNTarfer and BLS, Trump was torn at least the third time on Friday to the Federal Reserve Powell, who called that the central bank does not reduce interest rates until it has a better idea of how the president’s tariff affects inflation.

“The economy flourishes in the shadow of” Trump “despite the federal reserve that also plays games, this time with interest rates, as they reduced them twice, and greatly, immediately before the presidential election, I assume in the hope of obtaining” Kamala ” – how did that succeed?” Trump wrote. “Jerome” is very late, “Powell should also be placed on the pastures.

The Federal Open Market Committee, the arm policy arm of the Central Bank, on Wednesday I voted to keep the standard interest rate fixedWhere it has been since December. However, in the wake of the weak job report, future markets are of a strong possibility to reduce the federal reserve in September.