The Japan Times - Trump says to name new labor statistics chief this week

EUR -
AED 4.30765
AFN 75.646395
ALL 95.959479
AMD 440.633981
AOA 1075.402786
ARS 1608.085285
AUD 1.659694
AWG 2.110932
AZN 1.998313
BAM 1.957519
BBD 2.361173
BDT 144.026466
BHD 0.442483
BIF 3483.037071
BMD 1.17274
BND 1.493812
BOB 8.100146
BRL 5.874493
BSD 1.172329
BTN 108.741502
BWP 15.73694
BYN 3.364755
BYR 22985.699188
BZD 2.357489
CAD 1.623483
CDF 2697.30186
CHF 0.925554
CLF 0.026668
CLP 1049.590817
CNY 8.007515
CNH 8.003896
COP 4278.764449
CRC 542.576423
CUC 1.17274
CUP 31.077603
CVE 110.853273
CZK 24.379388
DJF 208.419771
DKK 7.473758
DOP 70.80421
DZD 155.03507
EGP 62.282523
ERN 17.591096
ETB 183.538314
FJD 2.593519
FKP 0.872451
GBP 0.871601
GEL 3.155128
GGP 0.872451
GHS 12.92405
GIP 0.872451
GMD 86.200888
GNF 10293.727708
GTQ 8.967874
GYD 245.23606
HKD 9.184957
HNL 31.200788
HRK 7.535913
HTG 153.714973
HUF 375.515762
IDR 20041.301486
ILS 3.558339
IMP 0.872451
INR 109.189401
IQD 1536.289078
IRR 1543472.109781
ISK 143.297523
JEP 0.872451
JMD 185.352754
JOD 0.831519
JPY 186.764716
KES 151.45979
KGS 102.556542
KHR 4708.550525
KMF 492.551108
KPW 1055.481485
KRW 1741.014707
KWD 0.362014
KYD 0.976841
KZT 553.930265
LAK 25753.365418
LBP 105018.845423
LKR 369.974866
LRD 216.023087
LSL 19.280289
LTL 3.462796
LVL 0.709379
LYD 7.452807
MAD 10.885961
MDL 20.196323
MGA 4861.006689
MKD 61.628696
MMK 2463.339235
MNT 4216.394014
MOP 9.456174
MRU 46.903772
MUR 54.536786
MVR 18.131
MWK 2036.466965
MXN 20.290513
MYR 4.649959
MZN 75.008877
NAD 19.280284
NGN 1594.344064
NIO 43.075173
NOK 11.170234
NPR 173.986003
NZD 2.009837
OMR 0.451302
PAB 1.172189
PEN 3.973287
PGK 5.056272
PHP 70.219557
PKR 327.136194
PLN 4.255037
PYG 7581.65727
QAR 4.275854
RON 5.092392
RSD 117.433513
RUB 90.423579
RWF 1712.786411
SAR 4.401519
SBD 9.450111
SCR 16.457066
SDG 704.81699
SEK 10.873585
SGD 1.494192
SLE 28.878761
SOS 670.225064
SRD 43.917976
STD 24273.345166
STN 24.92072
SVC 10.258007
SYP 129.644183
SZL 19.274022
THB 37.649222
TJS 11.141553
TMT 4.110453
TND 3.385744
TRY 52.380465
TTD 7.955986
TWD 37.224875
TZS 3054.987453
UAH 50.934224
UGX 4337.808925
USD 1.17274
UYU 47.301534
UZS 14260.515806
VES 558.033909
VND 30885.274174
VUV 139.802871
WST 3.219121
XAF 656.455051
XAG 0.015387
XAU 0.000247
XCD 3.169388
XCG 2.112855
XDR 0.818704
XOF 657.324846
XPF 119.331742
YER 278.115659
ZAR 19.254323
ZMK 10556.069282
ZMW 22.30092
ZWL 377.621722
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    -0.0300

    90.29

    -0.03%

  • RELX

    -0.0400

    33.3

    -0.12%

  • AZN

    -0.9600

    204.03

    -0.47%

  • GSK

    -0.1500

    58.21

    -0.26%

  • CMSC

    0.0400

    22.43

    +0.18%

  • BTI

    -0.0400

    58.81

    -0.07%

  • RYCEF

    -0.2000

    17

    -1.18%

  • RIO

    1.1300

    98.26

    +1.15%

  • BCE

    -0.5400

    23.35

    -2.31%

  • BP

    0.5400

    46.44

    +1.16%

  • BCC

    -0.4100

    80.17

    -0.51%

  • CMSD

    0.0400

    22.63

    +0.18%

  • JRI

    0.0400

    13.02

    +0.31%

  • VOD

    -0.1600

    15.69

    -1.02%

Trump says to name new labor statistics chief this week
Trump says to name new labor statistics chief this week / Photo: Brendan SMIALOWSKI - AFP

Trump says to name new labor statistics chief this week

President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market.

Text size:

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 labor 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 (labor) statistician some time over the next three-four days," Trump told reporters Sunday.

He added 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.

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 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 percent, 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."

But 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."

German Finance Minister Lars Klingbeil on Monday emphasized 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 labor economist, was confirmed to the commissioner role in January 2024.

M.Matsumoto--JT