By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
Global Perspectives & Leisure

Trump Fires Head of US Labor Statistics Bureau After Weak Jobs Report Sparks Economic Concerns

Trump Fires Head of US Labor Statistics Bureau After Weak Jobs Report Sparks Economic Concerns
News Desk
Aug 2, 2025

US President Donald Trump has dismissed Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), following the release of a weaker than expected jobs report that intensified worries over the impact of his administration’s tariff policies.

The July employment figures showed only 73000 new jobs added, along with significant downward revisions of over 250000 to May and June job numbers. Trump accused McEntarfer of manipulating the data for political purposes, though he provided no evidence. He announced her removal via social media, stating the need for “accurate jobs numbers.”

The decision shocked economic observers and raised fears about political interference in the nation’s independent statistical agencies. The S&P 500 closed down 1.6 percent on the news, as investor confidence wavered in the face of growing concerns about data reliability and escalating trade tensions.

William Wiatrowski, deputy commissioner of the BLS, has been appointed acting commissioner while the Department of Labor searches for a permanent replacement. The Department did not immediately respond to requests for comment.

McEntarfer, who had served in government for over two decades and was confirmed by the Senate in 2023, described her role as “the honour of my life” and defended the agency’s impartiality and commitment to public service.

READ ALSO

Ghana-Belarus Sports Deal Could Expand Investment in Coaching, Sports Science
LemFi Expands Beyond Remittances Into Savings, Credit and Travel Services
China’s AI Adoption Fails to Translate Into Higher Corporate Profits, Economist Says

Ryan Sweet, chief US economist at Oxford Economics, said the move could have serious consequences for business and investor confidence. “This is a step in a very bad direction. High quality, unbiased economic data is critical for decision making,” he said.

Leading economists and policy experts across the political spectrum also condemned the move. Michael Strain of the American Enterprise Institute warned that undermining trust in official statistics could harm US policymaking and investor sentiment. Jed Kolko of the Peterson Institute said the firing marked a clear escalation of political interference, calling it “five alarm intentional harm to the integrity of US economic data.”

The firing comes as President Trump pushes forward with his aggressive trade policy agenda. New tariffs ranging from 10 to 50 percent are being levied on imports from countries across the globe. These new measures are set to raise the average tariff rate in the United States to around 17 percent, up from less than 2.5 percent at the start of the year.

Although Trump argues the tariffs will protect American jobs and boost manufacturing, the markets are showing signs of strain. On Friday, the Dow fell 1.2 percent, the Nasdaq dropped 2.2 percent, and global markets in Europe and Asia also recorded losses.

Meanwhile, Trump launched another attack on Federal Reserve Chairman Jerome Powell for not cutting interest rates quickly enough. Adriana Kugler, a Federal Reserve Board member, announced her resignation on the same day, giving Trump an opportunity to further reshape the central bank.

As concerns rise over the politicization of economic data, analysts warn that uncertainty could affect how businesses, investors, and policymakers make decisions. The fallout from the firing is expected to reverberate through global markets and could increase volatility as the 2026 election approaches.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Ghana Rallies Nation to Catalyse and Sustain Innovation Ghana Rallies Nation to Catalyse and Sustain Innovation
Next Article Attorney-General CSO Demands Public Inquiry into UniBank Collapse, Slams State’s Exit from Prosecution
- Sponsored Content -
Ad imageAd image

LATEST NEWS

1st in West Africa, 6th in Africa: Ghana Shines on the Latest Where to Invest in Africa Rankings
1st in West Africa, 6th in Africa: Ghana Shines on the Latest Where to Invest in Africa Rankings
Business & Economy
Making Business-Wise Decisions: Why the Ghana Statistical Service Should Be Your Friend as Business
Business & Economy
The Power of Apology
The Power of Apology
Continuity Series by KAY
We Should Not Have to Wait for a Billboard to Fall on a Moving Vehicle Before Someone Acts
We Should Not Have to Wait for a Billboard to Fall on a Moving Vehicle Before Someone Acts
News
Bono Poultry Farmers Warn of Egg Glut, Say They Were Excluded from Nkoko Nkitikiti Talks
Middlemen Inflate Local Chicken Prices, Undercutting Ghanaian Poultry Producers
Business & Economy News

You May Also Like

South Africa Eyes Deeper Economic Ties with China at Key Supply Chain Expo

South Africa Eyes Deeper Economic Ties with China at Key Supply Chain Expo

AU Executive Council Opens Talks on Water, Sanitation and Security

AU Executive Council Opens Talks on Water, Sanitation and Security

Kudus Mohammed Hits €100M Worth

UN Backs Africa-Led Campaign to Fix World Map Distortions, US Stands Alone

Meta

Meta Launches Llama Impact Accelerator Across Africa to Boost Open-Source AI Innovation

Canada Drops Digital Services Tax on U.S. Tech Giants to Revive Trade Talks with Washington

Canada Drops Digital Services Tax on U.S. Tech Giants to Revive Trade Talks with Washington

Australia Adds YouTube to Social Media Ban for Children Under 16

Australia Adds YouTube to Social Media Ban for Children Under 16

Ghanaian Hairstylist Sets Guinness World Record for Most Heads of Hair Locked in 8 Hours

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

%d