Fox: The director of the US Bureau of Labor Statistics nominated by Trump has proposed suspending the publication of monthly employment reports
TechFlame
2025-08-12 15:58
TechFlame2025-08-12 15:58
English
According to TechFlame, according to a Fox Business Channel report, economist E.J. Antoni (E.J. Antoni), nominated by US President Trump as director of the Bureau of Labor Statistics, proposed suspending the agency's much-publicized monthly employment report, saying that its basic methods, economic models, and statistical assumptions are fundamentally flawed.
Ahead of Trump's nomination announcement on Monday, Anthony criticized the data behind the monthly employment report for being unreliable and often exaggerated, and warned that it misled key economic decision makers from Washington to Wall Street.
Anthony said, “When companies don't know how many jobs have been added or decreased in our economy, how should they plan, or how should the Federal Reserve implement monetary policy? This is a serious issue that needs to be addressed immediately. “The Bureau of Labor Statistics should stop publishing monthly employment reports until the problem is rectified, but it should continue to publish more accurate, but less timely, quarterly data,” he said. “Key decision makers from Wall Street to Washington DC rely on this data, and lack of confidence in these data will have a profound impact.”