![Lutnick: Improving Accuracy of Job Reports | [Industry/Publication Name]](https://image.cnbcfm.com/api/v1/image/108157898-1749656343456-108157898-17496561772025-06-11t153101z_2096990218_rc2f0faxl8la_rtrmadp_0_usa-trump.jpg?v=1749656351&w=1920&h=1080 "Lutnick: Improving Accuracy of Job Reports | [Industry/Publication Name]")
Commerce Secretary predicts More Reliable Jobs Reports Under Trump Management Following Key BLS Leadership Change
Following a recent shakeup at the Bureau of Labour Statistics (BLS),Commerce Secretary howard Lutnick publicly stated his belief that upcoming jobs reports will be more accurate. This prediction came just hours before the BLS released its August jobs report, revealing a notable slowdown in job growth.
lutnick’s assessment centers on the recent dismissal of BLS Commissioner Erika McEntarfer by President Donald Trump. He suggests the change in leadership will lead to more trustworthy data.
The Context: A Controversial Firing & Shifting Allegiances
The firing of McEntarfer, appointed by former President Joe Biden and confirmed by the Senate in 2024, occurred on August 1st. This followed a BLS report indicating a significant deceleration in U.S. job growth during July.Lutnick, speaking on CNBC’s “Squawk Box,” explained his reasoning: “You’ll take out the people who are just trying to create noise against the president.” He further asserted that individuals remaining from the Biden administration were “rooting against America and against Donald Trump, and that’s got to end.”
Essentially,Lutnick believes the agency was previously influenced by political motivations. He anticipates a shift towards objectivity under the new leadership, even acknowledging that immediate, fundamental change is unlikely. “What you will get is an agency that’s on [trump’s] side, just trying to do the best and put out the correct numbers,” he stated.
August Jobs Report: A Stark slowdown
The BLS report released shortly after Lutnick’s comments confirmed a significant slowdown. Nonfarm payrolls increased by only 22,000 in August - a considerable miss compared to economists’ expectations of 75,000. The unemployment rate also rose, ticking up to 4.3% for the month.
This report has fueled further debate about the accuracy and impartiality of government economic data.
Trump’s Own Reservations
Even President Trump himself expressed skepticism regarding the credibility of the upcoming jobs data just a day before its release.when asked if he could vouch for the report’s accuracy, he responded, “We’ll see what the…number - I don’t know, they come out tomorrow.”
However, Trump then pivoted to a longer-term outlook, claiming, “But the real numbers that I’m talking about are going to be whatever it is, but will be in a year from now” when he predicts the data will be “absolutely incredible.”
Key Takeaways for You:
Leadership Matters: The BLS Commissioner plays a crucial role in data collection and interpretation. changes in leadership can,and often do,impact perceptions of objectivity.
Political Influence Concerns: Lutnick’s comments highlight ongoing concerns about potential political influence on statistical agencies.
August Report Signals Caution: The latest jobs report suggests a cooling labor market, prompting economists to reassess growth forecasts.
Trump’s Perspective: The president’s comments reveal a lack of immediate confidence in the BLS data,but a strong belief in future economic advancement.
This situation underscores the importance of critically evaluating economic data and understanding the context surrounding its release. As an investor or simply someone following the economy, it’s vital to consider multiple perspectives and remain informed about potential biases.Further Reading:
CNBC: Stock Market Today Live Updates
CNBC: August 2025 Jobs Report
CNBC: Trump & Erika McEntarfer Firing
[CNBC: BLS Job Growth Analysis](https://www.cnbc.com/2025/09/05/jobs-hassett
