Unemployment Statistics drops Wall Street. Trump said statistics director

The Nova Yorquin scholarship ended on Friday in strong low, with investors particularly concerned about employment figures, in the context of worsening customs applied customs rates to their imports. Donald Trump decided to “kill the messenger.”

Some say, play, that when the dollar rises, the Bangla Desh. Less playing, it is known that when unemployment rises, Wall Street descends.

The US Department of Labor Department’s employment report, released this Friday, reveals that the Employment growth in the country was weaker than expected in July, and the rate of Unemployment rose to 4.2% Last month, with the fall of domestic employment.

According to the agency, the high rates on imports launched by Donald Trump are starting to Inflationincreasing the risk of the economy to cross a period of warm growth and high prices, known as stagflation.

The disclosure of these data had immediate impact on the New York Stock Exchange. The results of this Friday’s session indicate that the Dow Jones Industrial Averag lost 1.23%the technological Nasdaq fell 2.24% and the extended index S&P500 recuou 1,60%.

“Os Investors begin to unenforce with the fact that the economy is weakening faster than it was thought, ”he said Sam SvallAnalyst of the CFRA Investment Agency, in statements to AFP.

Degradation of the labor market in July, with the worsening of the unemployment rate from 4.1% in June to 4.2%, and the low revision of job creation to Only 73,000 jobs – Numbers that have not seen themselves since the pandemic of 2020 – had no consequences only in Wall Street.

After the disclosure of the Labor Department report, Donald Trump immediately ordered the ERIKA MCENTARFER DISEMISSIONDirector of the Office of Labor Statistics, claiming, without advancing evidence, that the employee, appointed by Joe Biden, had manipulated the numbers for political reasons.

“I ordered my team that Say this named Biden policyIMMEDIATELY. She must be replaced by someone much more competent and qualified ”, Trump in his social network.

“In my opinion, today’s job numbers were Manipulated to give a bad image of republicans and myself“The US president added.

As we know since we have of ancient Greece, the guilt of bad news is always from the messenger.