President Donald Trump ordered the immediate termination of Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday, August 1, 2025, hours after the release of a devastating jobs report showing only 73,000 jobs added in July and massive downward revisions that erased 258,000 previously reported positions, triggering widespread market panic as the Dow Jones plummeted over 500 points and raising serious questions about the independence of federal economic data under the Trump administration.