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."