President Donald Trump dismissed BLS Commissioner Erika McEntarfer on August 1, 2025, amid disappointing employment data reports, appointing William Wiatrowski as acting head.
Dismissal of Erika McEntarfer
The dismissal of Erika McEntarfer highlights concerns over the reliability of employment data. Trump made this move in response to weak employment reports.
Kevin Hassett Comments
Kevin Hassett, Director of the National Economic Council, stated, "We need reliable jobs numbers. But I'm not interested in leading BLS." He added that the economy is currently stable despite some disappointing headlines.
Context and Crypto Market Data
The financial markets reacted mildly. Most exchanges and on-chain analytics firms reported no significant impact on BTC, ETH, or major crypto protocols. Bitcoin is trading at $113,927.42 with a market cap of $2.27 trillion.
The dismissal of Erika McEntarfer raises questions about the future reliability of employment data; however, it has not led to significant changes in the cryptocurrency market.
