Cracks in the US labor market appear to be expanding month by month causing a little reflection on US President Donald Trump who found the solution firing the head of the statistical serviceof the Ministry of Labor, Erika Macrentarfer.

Specifically, with a post on Truth Social, Trump accused Commissioner Erika Macrentarffe of manipulating jobs for political reasons.

Increased employment in the US was weaker than expected in July, while the number of employees outside the agricultural sector for the previous two months was revised down 258,000 jobs, indicating one abrupt deterioration of conditions in the labor market re -setting a reduction in interest rates in September by the US Federal Bank.

The employment report of the Ministry of Labor also showed that Unemployment rate increased to 4.2% last month, as employment in households has declined.

At the same time, import duties, which according to Trump will boost the American economy, not only as they seem to do not bear fruit but on the contrary, begin to boost inflation, increasing the risk that the economy will experience a period of lukewarm growth and high prices, known as stagnant. Also, Domestic demand increased at the slower pace of the last 2.5 years in the second quarter.

Out -of -agricultural jobs increased by 73,000 last month, after a down -to -one revised 14,000 increase in June, which has been the least for almost five years, according to the Labor Ministry’s statistics office. Payrolls for May decreased by 125,000, resulting in only 19,000 jobs.

Trump defended his decision by saying that its departure was necessary to ensure that there were “people we can trust” in these positions.

“Why trust the numbers?” The president told reporters leaving the White House on Friday. “I think the numbers were fake, just as they were before the election, and there were other times – do you know what I did? I fired her, and do you know what I did? The right one. “

Shock to markets

Trump’s decision shocked Wall Street and raised concern about the White House intervention in financial data.

In her response to Trump’s accusations, Macrentarler described the period she worked as a “honor in my life”, while describing the work of the organization as “vital and important”.

The head of the Ministry of Labor, then wrote on social media that the Deputy Commissioner of the Organization, William Giatrovsky, would take on the role of head until a replacement for the post is found.

At the same time yesterday at the worldwide stock markets prevailed strong turmoil After Trump made his plans to raise duties in goods around the world.

In the US, the three main indicators declined, with S&P closing 1.6%, following previous fluids in Europe and Asia.

Ryan Wuit, head of US economist at Oxford Economics, said the decision to dismiss the BLS Office Commissioner (BLS) was alarming, noting that high quality financial data is essential for businesses and are not easily reproduced with private sources.

“Obviously, this is a step towards a very bad direction,” he said. “If there are questions about the integrity of the data … this will create many problems.”

Trump has rejected concerns about his tariff plans, which, he says, will boost manufacturing in the US and restore the balance in world trade. However, the new data of this week and a series of updates coming from companies about the cost of invoices have made these forecasts more difficult to ignore.