Trump Fires BLS Commissioner After Disappointing Jobs Report
- White Oak University
- Aug 2
- 1 min read
In a stunning political and economic shakeup, President Donald Trump has fired Bureau of Labor Statistics Commissioner Erika McEntarfer, accusing her of manipulating jobs data ahead of the election. The move follows a dismal July jobs report showing only 73,000 jobs added, alongside a major downward revision of 258,000 jobs from previous months.
Trump’s public remarks claim the numbers were "faked" to benefit Vice President Kamala Harris’ campaign. The BLS now moves forward under Acting Commissioner William Wiatrowski.
📉 The market’s reaction was immediate:
🔻$DJI dropped over 500 points
🔻 $NASDAQ slid more than 2%
🔻 Treasury yields plunged
At White Oak Trading University, we teach students to look past the headlines and emotional market reactions. The real opportunity lies in understanding institutional motives and recognizing accumulation zones beneath the chaos.
🧠 Lesson: When the data is in question, watch what the smart money does - not what the media says.
Stay sharp.
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