Trump says to name new labour statistics chief this week
In a post on his Truth Social platform, Trump reiterated - without providing evidence - that Friday's employment report 'was rigged.'
He alleged that commissioner of labour statistics Erika McEntarfer had manipulated data to diminish his administration's accomplishments, drawing sharp criticism from economists and a professional association.
'We'll be announcing a new (labour) statistician some time over the next three-four days,' Trump told reporters on Sunday.
He added on Monday: 'I will pick an exceptional replacement.'
US job growth missed expectations in July, figures from the Bureau of Labor Statistics showed, and sharp revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Sign Up
Sign Up
Trump ordered the removal of McEntarfer hours after the figures were published.
'We had no confidence. I mean the numbers were ridiculous,' Trump told reporters Sunday. He charged that McEntarfer came up with 'phenomenal' numbers on his predecessor Joe Biden's economy before the 2024 election.
Hiring slowdown
Even as he called for more reliable data on Monday, White House economic adviser Kevin Hassett conceded that the jobs market was indeed cooling.
But Hassett maintained in a CNBC interview that this softening did not reflect the incoming effects of Trump's flagship tax and spending legislation - signed into law early last month.
US employment data point to challenges as companies took a cautious approach in hiring and investment while grappling with Trump's sweeping - and rapidly changing - tariffs this year.
The United States added 73,000 jobs in July, while the unemployment rate rose to 4.2 per cent, the Department of Labor reported.
Hiring numbers for May were revised down from 144,000 to 19,000. The figure for June was shifted from 147,000 to 14,000.
These were notably lower than job creation levels in recent years. During the pandemic, the economy lost jobs.
Over the weekend, Hassett defended McEntarfer's firing in an NBC News interview: 'The president wants his own people there so that when we see the numbers they are more transparent and more reliable.'
Trump's decision has come under fire. William Beach, who previously held McEntarfer's post, said the move set a 'dangerous precedent.'
The National Association for Business Economics condemned her dismissal, saying large revisions in jobs numbers 'reflect not manipulation, but rather the dwindling resources afforded to statistical agencies.'
In addition to a successor to McEntarfer, Trump is also expected to name a replacement for Federal Reserve governor Adriana Kugler.
Kugler's early resignation, effective Friday, allows Trump a vacancy to fill as he pushes the independent central bank to lower interest rates.
German Finance Minister Lars Klingbeil on Monday emphasised the importance of supporting 'independent, neutral and proven institutions.'
He said: 'It is right that independent institutions remain independent and that politics do not interfere with them.'
McEntarfer, a labour economist, was confirmed to the commissioner role in January 2024. AFP

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


International Business Times
an hour ago
- International Business Times
Wall Street and Global Markets Rise as Weak Jobs Data Fuels Fed Cut Expectations
Global markets climbed for a second consecutive day on Tuesday, on optimism that the U.S. Federal Reserve could cut rates as early as next month. U.S. futures were trading higher, with the Dow Jones Industrial Average up 0.3%, the S&P 500 gaining 0.4%, and Nasdaq up by 0.4%. freepik In Europe, the STOXX 600 index was up 0.4% in early trade, while Asia's MSCI Asia-Pacific index outside Japan advanced 0.8%. South Korea's KOSPI jumped 0.8%, while Japan's Nikkei slipped 1.6%, partly due to a stronger yen. Chinese blue-chip stocks stayed flat. US markets rallied Monday as investors took favorably to better-than-expected earnings and rising expectations of a September rate cut. The optimism was due to a weaker job data report released on Friday that showed slowing growth of the US economy, leading to expectations that the Fed would step in to support the economy. Trade Moves by Trump Alarm Geopolitical Leaders US President Donald Trump Threatens To Increase India's Tariffs In Response To Ongoing Oil Trade With Russia. India strongly condemned the criticism and said it would continue to defend its economic interests. Trump also created a stir when he dismissed the head of the U.S. Bureau of Labor Statistics, which produces the jobs report. The announcement prompted questions about the politicization of government data and followed a lackluster jobs report on Friday. Compounding the unease is that Trump has the chance to nominate a new Federal Reserve governor after Democrat Adriana Kugler stepped down early from the Fed. Some analysts fear the development could impair future Fed decisions, with Trump already badgering Fed Chair Jerome Powell to cut rates. Investors Focus on Central Banks and Earnings. Expectations for a September rate cut now stand at 94%, up from 63% in late July, according to the CME FedWatch Tool. The Bank of England is also forecast to reduce interest rates this week, even as inflation remains stubbornly high in the UK. Investors also have earnings from Disney and Caterpillar to digest. On Monday, tech stocks like Nvidia, Alphabet, and Meta boomed. The AI tools supplier also upped its full-year revenue guidance on the back of strong demand. Commodities and Currency Market Update The dollar index was up 0.34%, having stabilized after two straight days of declines. The single currency was down 0.25% to $1.1543, and the dollar strengthened to 147.6 yen. OPEC+ supply boost sends Brent crude oil down 1% at $68.05 per barrel. Bitcoin inched 0.6% lower to $114,235, with gold bouncing back from profit-taking selling to trade just behind the precious metal at $3,375 per ounce.

Straits Times
an hour ago
- Straits Times
Trump administration to formally axe Elon Musk's 'five things' email
WASHINGTON - The Trump administration plans as soon as Tuesday to formally axe a program launched by billionaire former Trump adviser Elon Musk requiring federal employees to summarize their five workplace achievements from the prior week, two people familiar with the matter said. The Office of Personnel Management, the federal human resources agency that implemented Musk's push to slash the federal workforce, plans to announce the end of the "five things" email to HR representatives across the federal government later on Tuesday, the two people said, declining to be named because the matter was not public. While many federal agencies had already phased out compliance with the weekly email, the move, not previously reported, signals the Trump administration is turning the page on one of Musk's most unpopular initiatives following a dramatic row between the two men in early June. The White House and OPM did not immediately respond to requests for comment. Musk, who spent over a quarter of a billion dollars to help Trump win November's presidential election, led the Department of Government Efficiency's efforts to slash the budget and cut the federal workforce until his departure in May to refocus on his tech empire. Musk initially received a warm White House sendoff from Trump, but then incurred the president's wrath by describing Trump's tax cut and spending bill as an abomination. Trump pulled the nomination of Musk ally and tech entrepreneur Jared Isaacman to lead NASA and later threatened to cancel billions of dollars worth of federal contracts with Musk's companies after the blowup between the two men. Top stories Swipe. Select. Stay informed. Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Doctor hounded ex-girlfriend, threatened to share her intimate photos, abducted her off street Asia Trump's transactional foreign policy fuels 'US scepticism' in Taiwan Business Women on corporate boards give firms a competitive advantage, says Australian Governor-General Singapore CEO of sports car distributor accused of offences including multiple counts of false trading The "five things" email, launched by Musk in February to boost accountability, sparked tensions with department chiefs who were blindsided by the weekend email mandating the move. It also fueled confusion among government workers who received mixed messages about whether and how to comply. Reuters reported in March that the White House installed two Trump loyalists at OPM to ensure better policy coordination between the White House and the agency. Scott Kupor, a venture capitalist who took the helm at OPM in July, foreshadowed the end of the initiative last month, describing processing of the weekly response emails as "very manual" and "not efficient." It is "something that we should look at and see, like, are we getting the value out of it that at least the people who put it in place thought they were," he said. REUTERS


Straits Times
3 hours ago
- Straits Times
Trump's sharp India criticism on tariffs, Russia oil corner Modi as rift deepens
Sign up now: Get ST's newsletters delivered to your inbox - Any expectation of the camaraderie that Indian Prime Minister Narendra Modi enjoyed with US President Donald Trump during the latter's first term in office – united in part over the common threat of China – has all but evaporated. India underestimated just how transactional Mr Trump would be in his second term in power, as he has made little distinction between friends and adversaries. Ties have unpredictably and quickly gone south as Mr Trump has torn into India over its long-standing ties with Russia and the slow pace of negotiations for an India-US trade deal. The strain in US-India ties is a challenge for Mr Modi, who also faces domestic calls not to cave into Mr Trump's demands on trade and oil imports from Russia. India has benefitted from cheap Russian energy imports, which the US leader claims is helping to fund Russia's invasion of Ukraine . Mr Trump's vow to 'substantially raise' tariffs on Indian exports to the US from the already substantial 25 per cent because of New Delhi's Russian oil imports, is an indication of his administration's priorities in achieving broader geopolitical goals, say analysts. 'This (oil sanctions) is obviously a pressure tactic the US is using on Russia to get an outcome of its choice in the Ukraine war. We are collateral damage,' Mr Ashok Malik, a partner at the Asia Group business consultancy, told The Straits Times. Top stories Swipe. Select. Stay informed. Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Doctor hounded ex-girlfriend, threatened to share her intimate photos, abducted her off street Asia Trump's transactional foreign policy fuels 'US scepticism' in Taiwan Business Women on corporate boards give firms a competitive advantage, says Australian Governor-General Singapore CEO of sports car distributor accused of offences including multiple counts of false trading 'I think things are very challenging at this juncture. It is the most challenging in a long, long time,' Mr Malik said. Mr Trump came into power promising he would end the war in Ukraine on his first day in office. But a long-term ceasefire has not materialised, and Russia has instead intensified its strikes on Ukraine, much to Mr Trump's frustration. India-Russia-US nexus 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,' Mr Trump wrote on his Truth Social platform on Aug 4. 'They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA.' Mr Trump has lumped Russia and India together, calling them 'dead economies' in another Truth Social post on July 31, despite the fact that India is the world's fourth-largest economy by nominal GDP after the US, China and Germany. India has a longstanding relationship with Russia dating ba ck to the Cold War, and is the among the largest importer of Russian oil along with China . It imported about 1.75 million barrels a day from January to June 2025, up 1 per cent from a year ago, according to Reuters. On Aug 4, the Ministry of External Affairs called the US President and European Union 's targeting of India for buying Russian oil 'unjustified and unreasonable.' 'India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict. The United States at that time actively encouraged such imports by India for strengthening global energy markets stability,' the MEA said in a statement. 'India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by the global market situation. However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. ' The European Union had imposed sanctions on Russian-backed Indian refiner Nayara and banned the import of refined oil made from Russian crude. In particular, New Delhi called out the United States for its continual imports from Russia of 'uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilisers as well as chemicals.' Mr Trump is not the first US president to disapprove of India's ties with Iran and Russia. But previous US leaders like Mr Joe Biden and Mr Barack Obama chose to look the other way due to the strategic calculation of India's importance as a fast-growing economy a nd as a counter to China in America's Indo-Pacific strategy. In any case, India's ties with Russia are also not what they were once, as Russia has drawn closer to China and Pakistan, while India has grown closer to the West. The South Asian giant has also been diversifying its defence weapon purchases to include products from the US and Israel. But that doesn't mean India can walk away from the Russia relationship as desired by Mr Trump, according to Mr Nandan Unnikrishnan, a Distinguished Fellow at the Observer Research Foundation, a New Delhi-based think tank. 'We need warm relations. India is a growing economy; it is going to consume natural resources and Russia is a country that has every element in huge abundance. We will end up buying a lot of resources,' he said. US-India tariff negotiations Mr Trump is also frustrated that a trade deal with India to his liking has so far not materialised. He has used tariffs to force countries that have a trade surplus with the US into what he claims is a more reciprocal bilateral trade relationship. The US is India's largest export market, with exports reaching US$86.51 billion (S$111.37 billion) from April 2024 to March 2025. India's imports from the US were US$45.33 billion for the same period, according to Indian government figures . While both countries are still locked in negotiations, New Delhi has refused to grant the concessions that the Trump administration is seeking, including the opening up of heavily protected agriculture and dairy sectors to US imports. More than 60 per cent of the Indian population depends on these two sectors for their livelihoods in some form or another. Farmers have opposed opening up of the agriculture and dairy sectors , arguing they would not be able to withstand competition from US agriculture. Unlike US farms, India's farms are small, fragmented and hardly mechanised . In another post on Truth Social on July 30 , Mr Trump criticised India for imposing the most 'strenuous and obnoxious' tariffs in the world. India's refusal to give in to Trump for now may also be seen as a recognition that it is not just trade interests which are at stake. 'Trump has not only unleashed a trade war but is also deploying commercial instruments for geopolitical ends,' India's former foreign secretary Shyam Saran wrote in The Indian Express newspaper on Aug 4. 'These actions threaten India's core interests and its ability to follow a policy of strategic autonomy, which every government, irrespective of its political colour, has remained wedded to since Independence,' he said. 'We should not treat the current disruption in India-US relations as just a trade dispute. It is much more than that.' Mr Modi's response to Mr Trump's belligerent language, which has pushed the Indian prime minister into a corner domestically, took a nationalistic tone. 'The world economy is facing instability and uncertainty. In such times, countries are focusing solely on their own interests. India, too, is on the path to becoming the world's third-largest economy and must remain alert to its own economic priorities,' Mr Modi said in his constituency of Varanasi on Aug 2, even before Mr Trump's latest escalation. 'At a time when the world is going through uncertainty, let us take a pledge to sell only Swadeshi (made in India) goods from our shops and markets. Promoting made-in-India goods will be the truest service to the country.' Political watchers noted that it would be very difficult for the Indian Prime Minister to give any large concessions in the trade deal, given the growing anger within India towards Mr Trump. Even the right-wing Hindu nationalist ecosystem, which has been very supportive of the US president, is angry at what it perceives as a series of other slights to India. This includes Mr Trump's statements on how he engineered the ceasefire between India and Pakistan, after the neighbours were embroiled in a military conflict over a terror attack in Kashmir, and Mr Trump's subsequent hosting of Pakistan's Army chief Asim Muneer in the White House. 'Mr Modi doesn't have much space to manoeuvre on the trade deal. The economic and political costs of accepting US demand are something this government will find difficult to swallow,' said Dr Biswajit Dhar, a trade expert and former professor at Jawaharlal Nehru University. 'We have to wait and watch. What the Trump administration has done is push India into a corner.'