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Trump orders firing of labor statistics chief hours after data showed jobs growth slowed (www.theguardian.com)

submitted 1 day ago by MicroWave@lemmy.world to c/economics@lemmy.world

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US president claimed without evidence that Erika McEntarfer had ‘faked’ employment figures in the run-up to last year’s election

Donald Trump has ordered the firing of the federal government official in charge of labor statistics, hours after data revealed that jobs growth had stalled this summer.

The US president claimed that Erika McEntarfer, commissioner of labor statistics, had “faked” employment figures in the run-up to last year’s election, in a bid to boost Kamala Harris’s chances of victory.

He produced no evidence for this claim, and insisted that the US economy was, in fact, “booming” on his watch.

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[–] School_Lunch@lemmy.world 6 points 1 day ago (1 children)

So our economy is going to be based on incorrect info. Every lie incures a debt to the truth, and that debt will eventually come due. Things will crash. Its not even a question. I figure the last protection in place is Powell. Once he is replaced by a yes-man, its all done for. Before that happens I plan on pulling all my investments. My question is where is a safe place to put it at that point?

[–] henfredemars 2 points 1 day ago

Assets. But, be careful with gold. It’s already up from the announcement. Make sure you diversify.

Not financial advice. I’m a fool.