Bureau of Labor Statistics Director Dismissed by Trump

President Trump dismissed Bureau of Labor Statistics Director Erika McEntarfer on August 2, following weak employment data, appointing William Wiatrowski as acting director.

The dismissal highlights tensions over employment data accuracy with potential impacts on market sentiment and economic policy discussions.

Trump Removes BLS Director, Citing Job Report Discrepancies

On August 2, 2025, President Trump ordered the removal of Erika McEntarfer, Bureau of Labor Statistics Director, after a weaker-than-expected July employment report. Trump announced this decision without presenting evidence for his allegations of manipulated data. Following McEntarfer’s dismissal, William Wiatrowski assumed the role of acting director, pending a formal announcement of her successor.

Immediate implications include a significant revision in employment data, revealing 258,000 fewer jobs than initially reported. This is the second largest downward revision on record, following those during the pandemic. Economic observers have expressed concern about the potential for such leadership changes to influence market perceptions.

“In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad.” – Donald Trump

Economic and market analysts are scrutinizing these developments, particularly in terms of their potential to influence both macroeconomic metrics and investor decisions.

Bitcoin Price Decline Amid Bureau Leadership Shakeup

Did you know? The last major BLS data revision occurred post-2024 Democratic primary, sparking discussions about the reliability of economic indicators.

Bitcoin’s current price stands at $114,389.92, with a market cap of approximately formatNumber(2_276_529_152_473.51, 2) and a market dominance of 61.33%. Over the last 24 hours, it traded at $47,788,436,051.23, down 12.15%. Price movements show a 1.78% increase over 24-hours but a 4.41% decrease over seven days, per CoinMarketCap.

The Coincu research team suggests potential financial and regulatory reverberations from such leadership changes in federal economic agencies. Historical trends demonstrate increased volatility following presidential interventions in economic oversight missions. For more updates, follow the latest news by CBS News on Twitter.