Skip to playerSkip to main contentSkip to footer
  • 4 days ago
Erika McEntarfer, Commissioner of the Bureau of Labor Statistics, posted a message on Bluesky expressing gratitude for her role and the dedication of her colleagues, according to Benzinga. Her remarks came amid political controversy following her dismissal by President Trump. The president accused McEntarfer of political manipulation, though he presented no evidence. White House economic adviser Kevin Hassett defended the move, calling for more transparent and reliable reporting from future appointees. July’s report showed just 73,000 jobs added, far below expectations, and revised May and June totals down by 258,000 jobs combined. McEntarfer’s removal underscores political tensions over economic data and highlights the need to protect the integrity and transparency of BLS reporting. The weak jobs report raised concerns about a possible dollar short squeeze and drew focus to its broader economic and political implications.

Category

🗞
News
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Erica McIntarfer, commissioner of the Bureau of Labor Statistics, posted a message on Blue Sky
00:06expressing gratitude for her role in the dedication of her colleagues.
00:10And according to Benzinga, her remarks came amid political controversy
00:13followed by a dismissal by President Trump.
00:15The president accused McIntarfer of political manipulation, though he presented no evidence.
00:19White House economic advisor Kevin Hassett defended the move,
00:22calling for more transparent and reliable reporting from future appointees.
00:26July's report showed just 73,000 jobs added, far below expectations,
00:31and revised May and June totals down by 258,000 jobs combined.
00:36McIntarfer's removal underscores political tensions over economic data
00:39and highlights the need to protect the integrity and transparency of BLS reporting.
00:44Week John's report raised concerns about a possible dollar short squeeze
00:47and drew focus to its broader economic and political implications.
00:51For all things money, visit Benzinga.com.

Recommended