Trump Alleges Non-Farm Payroll Data Manipulation

Trump Alleges Non-Farm Payroll Data Manipulation

Donald Trump accused government entities of manipulating job data to tarnish his reputation, sparking financial volatility on August 1, 2025.

The alleged data manipulation could influence market stability, affecting cryptocurrency dynamics and investor confidence in traditional financial data.

Former President Donald Trump claimed the latest non-farm payroll data was manipulated to damage his reputation. The allegation was made on Truth Social, capturing attention across both political and financial spheres .

Trump’s accusations targeted the Bureau of Labor Statistics, asserting deliberate alterations in data. He called for a full investigation, emphasizing the need for honest numbers over political tricks to maintain public trust.

The BLS firmly rejected Trump’s claims, highlighting their rigorous and nonpartisan methodology. They reassured that transparency and documentation are central to their operations, defending the integrity of the reported data.

Jerome Powell at the Federal Reserve addressed the issue, acknowledging the seriousness of manipulation allegations. However, he confirmed that, to their knowledge, the data remains as reported, downplaying the likelihood of political interference. Everyone stresses reliance on independent data.

Markets exhibited increased volatility following Trump’s statement. Both Bitcoin and Ethereum experienced brief spikes, reflecting investor unease over potential economic implications. Crypto markets reacted swiftly, mirroring trends seen during previous economic controversies.

Expert voices like Arthur Hayes and Raoul Pal have commented, recognizing the potential for USD instability impacting crypto markets. They advised watching central bank actions more closely than political discourse, suggesting that policy decisions will hold greater influence.