00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump fired Bureau of Labor Statistics Commissioner Eric McIntyre for on Friday, according to CNBC.
00:08Who followed July's jobs report, which showed payrolls rose below estimates by just 73,000.
00:13Trump accused McIntyre for of manipulating data for political purposes,
00:17setting downward revisions to May and June job totals, though no evidence was provided.
00:22National Economic Council's Director Kevin Hassett defended the firing,
00:25calling the revisions a historically important outlier,
00:28claimed Trump wanted someone who could ensure more transparent and more reliable reporting.
00:33Former BLS Commissioner William Beach called the firing totally groundless,
00:37said it sets a dangerous precedent, said the decision is damaging and undermines the institution's credibility.
00:42Think of America's CEO Brian Moynihan said government surveys used for job data are no longer effective.
00:48For all things money, visit Benzinga.com.
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