Overview
- The Bureau of Labor Statistics reported 73,000 jobs added in July and revised May and June figures down by a combined 258,000 positions.
- President Trump labeled the unexpected revisions “rigged,” dismissed Commissioner Erika McEntarfer and vowed to appoint a new statistician.
- White House economic adviser Kevin Hassett defended the firing as evidence of data manipulation and said the administration seeks greater transparency.
- Former BLS leaders and bipartisan experts insist revisions are a standard part of the methodology and caution that politicizing the agency threatens its credibility.
- Investors and market analysts warn that doubts over the integrity of official labor statistics could hamper economic planning and policy decisions.