Bank of America CEO Brian Moynihan said there must be better ways to collect employment data after President Trump fired the BLS commissioner following a weak jobs report.

President Trump on Sunday defended his decision to fire the head of the Bureau of Labor Statistics (BLS) following a weak jobs report, a move that has sparked broad pushback. Trump in a post on his Truth Social platform asserted that fired BLS Commissioner Erika McEntarfer “had the biggest miscalculations in over 50 years,” portraying…

President Donald Trump fired the commissioner of the Bureau of Labor Statistics on Friday after a new jobs report showed a major slowdown of hiring in recent months. In a social media post, Trump volleyed sharp criticism and baseless accusations at Erika McEntarfer, a Biden appointee who was confirmed by the Senate in 2024.