Donald Trump released the head of BLS for “weak data” macro. In the background, a trade war
Donald Trump stated that Erika MCTyarfer, the Commissioner of the Office of Labor Statistics (BLS), underestimated employment data published on Friday. The clerk did it “to present republicans and me in a bad light” – said the US president in his social media post.
Erika MCENTARFER, a longtime government employee, suffered the greatest burden of dissatisfaction of President Donald Trump from the Friday report, which showed that employment fell in July, and in May and June was much lower than previously estimated. The president without evidence accused Mcentarfer of manipulating employment data and pointed out that she was a person appointed to this position by former president Joe Biden and falsified the data before the election to help win Kamali Harris.
The White House step accused that Donald Trump risked the destruction of public trust by politicizing data – notes the BBC.
The minority leader in the Senate Chuck Schumer said that the president is a “bad leader” who “punishes the messenger” for poor statistics.
Donald Trump released the head of BLS. In the background, a trade war
On Friday, the session at Wall Street ended with decreases in the main indexes, and Dow Jones lost over 500 points. Investors' fears about the weakening economy were caused by disappointing data from the American labor market and the new duties announced by Donald Trump.
BLS published data on Friday, which shows that In July, employers in the US formed only 73 thousand. new jobswell below forecasts assuming 109 thousand. new positions.
Data on the increase in employment in May and June were also revised down, giving the number of jobs less by 250,000 than previously thought.
Donald Trump duties
The US president announced the previously announced new duties, in force from August 7. On Thursday, Trump signed an executive regulation amending the “mutual” duties imposed to several dozen countries, currently from 10 percent. up to 41 percent The US will maintain a globally minimal customs rate of 10 %, while, for example, India will be covered by a rate of 25 %, and Canada 35 percent.
Bloomberg's calculations show that the average customs rate in the US will increase to 15.2 percent. from 13.3 percent Currently compared to 2.3 percent Before the second term of Trump.
Source: BBC, AP, PAP
