Trump Demands BLS Commissioner McEntarfer’s Dismissal Over Job Data

On August 1, 2025, U.S. President Donald Trump publicly demanded Erika McEntarfer’s dismissal from the Bureau of Labor Statistics, accusing her of manipulating employment figures before the 2024 election.

The allegations highlight tensions over economic data handling, potentially influencing market sentiment and projections amid ongoing political and regulatory scrutiny.

Trump Pressures BLS with Leadership Shake-up

Donald Trump made a public demand for the dismissal of Erika McEntarfer, head of the Bureau of Labor Statistics, through Truth Social on August 1, 2025. He accused her of inflating employment figures prior to the 2024 election. William Wiatrowski has been appointed as acting commissioner following McEntarfer’s expected exit.

Immediate implications involve a leadership change at the BLS, potentially affecting the interpretation and reporting of labor statistics. Trump’s comments also suggest dissatisfaction with current economic policies, potentially signaling shifts in government strategies.

“I demand the immediate dismissal of Erika McEntarfer, the Commissioner of the U.S. Bureau of Labor Statistics, for intentionally overstating employment gains.” — Donald Trump

Bitcoin Holds Steady Amid Political Unrest

Did you know? In past years, accusations of U.S. data manipulation by high-level officials have often led to short-lived impacts on financial markets, including cryptocurrencies like Bitcoin, which showed sensitivity during previous macroeconomic uncertainties.

At the time of writing, Bitcoin (BTC) is valued at $113,514.24 with a market cap of $2.26 trillion, according to CoinMarketCap. The cryptocurrency holds a market dominance of 61.27%. Despite a recent 1.92% drop in 24 hours, BTC has seen an 18.32% increase over 90 days, reflecting its volatility amid macroeconomic events.

The Coincu research team suggests that Trump’s actions could lead to further scrutiny of U.S. economic data, potentially affecting financial markets. Historical trends indicate a precedent for heightened volatility during similar periods of political uncertainty. However, the current impact on crypto markets remains limited.