August 1, 2025: Markets slump on tariffs and jobs data as Trump fires labor bureau statistics chief


Erika McEntarfer

Questioned about his firing of the commissioner of the Bureau of Labor Statistics at the moment, President Donald Trump repeatedly referred to jobs stories earlier than the November election, which he claimed have been manipulated to spice up his opponent for the presidency, Kamala Harris.

“We’re doing so well. I believe the numbers were phony, just like they were before the election, and there were other times. So, you know what I did? I fired her, and you know what? I did the right thing,” Trump advised reporters on the South Lawn.

Trump mentioned he’s “always had a problem with these numbers,” when requested if officers who current data or info he doesn’t like ought to concern for his or her jobs.

“I was thinking about it this morning, before the numbers that came out. I said, ‘Who is the person that does these numbers?’ And then they gave me stats about before the election,” Trump mentioned.

“We need people that we can trust,” he added.

Trump demanded BLS Commissioner Erika McEntarfer’s firing in a Truth Social publish at the moment after the gradual July jobs report. Trump mentioned there are “a lot of good candidates” to switch McEntarfer however hinted at “three people” he’s considering of for the full-time place.

“I put somebody in who’s going to be honest. That’s all we want,” Trump mentioned. “I have a choice: I can have four months, I can do a short-term or I can do a 14-year deal.”

Asked by NCS’s Jeff Zeleny what proof he needed to say that the jobs numbers are “rigged,” Trump replied: “If you look at before the election, the same kind of thing happened. And I think you’ll see some very interesting information come out, but we got rid — you have to have honest reports. And when you look at those numbers, or when you look at just before the election and then after the election, they corrected it by eight or 900,000 jobs.”