Trump fires commissioner of labor statistics after weaker-than-expected jobs figures slam markets 8/1/25

Stocks tumbled on Friday to kick off August trading, as investors weighed stark signs of a weakening economy and President Trump’s modified tariff rates. President Trump later fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt. We’ll tell you all you need to know.