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Trump questions the authenticity of U.S. employment data amid political controversy

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IntroductionTrump Questions Employment Data Credibility AgainRecently, President Trump has raised serious doubts ...

特朗普7.24

Trump Questions Employment Data Credibility Again

Recently, President Trump has raised serious doubts about the credibility of employment data. He posted on social media that the former director of the Bureau of Labor Statistics (BLS), Erica McIntaffer, manipulated employment data to mislead the public. Trump claimed that the related data was "exaggerated" before the presidential election and "revised" after it, suggesting that the data release has become embroiled in political manipulation.

This statement quickly drew public attention. Since employment data is a crucial basis for market and policy-making decisions, its credibility being in question could have significant implications for the independence of federal agencies.

Trump questions the authenticity of U.S. employment data amid political controversy

"Largest Error in History" Becomes Trump's Focus

According to Trump, McIntaffer led an "artificially exaggerated data revision plan" during the presidential election, inflating job numbers to record levels. He further accused her of "quickly revising down by nearly 1 million jobs" after his victory, labeling it as a "deliberate error correction," deeming it the "largest statistical error in the past 50 years."

Though the Bureau of Labor Statistics explained the adjustments were due to original survey sample lag and routine revisions of statistical methods, Trump was not convinced. He stated, "Such deliberate data manipulation must be exposed, and the American people deserve to know the truth."

Government Change Spurs Congressional Dispute

The Trump administration promptly removed McIntaffer for "improper revisions." This move sparked widespread controversy in Congress. Democratic lawmakers criticized the president's interference with independent agencies, undermining the neutrality of the statistical system; meanwhile, Republicans supported him, arguing "economic data should not be used as a political tool."

Erica McIntaffer had roles in several federal agencies with over 20 years of experience in statistics and economic research. The Biden administration nominated her to head the Bureau of Labor Statistics in 2023, receiving bipartisan support during the confirmation process. Her sudden departure has now become a partisan dispute, bringing the mechanism for issuing labor data under scrutiny once again.

Revision Mechanism Becomes Discussion Focus

In fact, the BLS regularly revises initial employment data for reasons such as low survey response rates, sample delays, and updates in industry classifications. The agency has repeatedly emphasized that such revisions are standard statistical practice rather than politically driven.

NBC previously noted that given the massive size and complex data collection of the U.S. economy, some lag and bias are inevitable. To outsiders, this controversy appears to be more about politicizing data as a tool in political battles.

Market and Public Confidence Face New Test

In the context where the Federal Reserve's interest rate decisions and inflation control heavily rely on employment data, the credibility of statistical data has become a focus for the market. Frequent replacements of top statistics officials or prevalent challenges to published data could undoubtedly increase market uncertainty.

Analysts suggest that if U.S. employment data is widely seen as a "politicized product," it might diminish investors' trust in official economic assessments and even impact the financial market's responses to policy adjustments.

The Need for Systematic Guarantees of Data Transparency

Trump's strong assertions have undeniably reignited discussions on data independence. The scientific and neutral nature of statistical data serves as the foundation of modern governmental governance. Once undermined, the consequences go far beyond a mere personnel change.

Regardless of political stance, enhancing transparency in statistical systems and strengthening the professional independence of data release mechanisms have become unavoidable institutional issues for the U.S. government and public.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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