The academic community has referred to Trump's attempt to seize control of statistical agencies, accusing them of "employment data manipulation," as lacking evidence
BlockBeats News, August 8: This week, the University of Chicago conducted a survey of 46 American economists, 38 of whom stated that there is no evidence to suggest that the US Bureau of Labor Statistics (BLS) employment data is biased toward either the Republican or Democratic Party. Many economists argue that Trump's attacks on US economic data agencies pose a serious threat to official statistics. Last Friday, Trump ordered the dismissal of the head of the BLS (the non-farm payroll data agency), claiming without evidence that the disappointing employment data was "manipulated." The BLS later confirmed the dismissal of the head, Erika McEntarfer, with her deputy William Wiatrowski serving as acting head.
Trump has previously claimed that the BLS inflated employment numbers last year to help the Democratic Party during the presidential election. However, the agency revised the numbers downward by over 800,000 in August 2024, which was seen as a blow to the Democratic Party at the time. Despite the BLS facing issues such as personnel shortages, funding gaps, and reduced survey responses, former statisticians and economists have stated that manipulating data is actually very difficult.
Anil Kashyap of the Booth School of Business at the University of Chicago stated, "If you have any understanding of how these numbers are constructed, you would know that successfully manipulating them would require a vast conspiracy." Nancy Stokey of the University of Chicago said, "Trump's dismissal of the head of the BLS will only harm America's reputation."
You may also like

What is the connection between Huang Zheng of Pinduoduo and blockchain?

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

If the AI bubble has already burst, who will truly remain?

Paul Graham: How to Make a Billion Dollars

After 18 years, blockchain has finally started to head towards the main channel

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms

Value Distribution of Stablecoins

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

