Trump’s decide to steer Bureau of Labor Statistics has advised suspending month-to-month jobs report

EJ Antoni, nominated by President Donald Trump Monday to turn into the subsequent commissioner for the Bureau of Labor Statistics, advised that the company ought to droop its month-to-month jobs report, claiming it’s unreliable and steadily overstated.

Antoni, in an interview with Fox Business News that occurred earlier than his nomination and was revealed Tuesday, mentioned the BLS ought to as an alternative publish quarterly information after it had been revised till BLS can guarantee its month-to-month jobs information is extra correct.

“Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,” he informed Fox Business. “Major decision-makers from Wall Street to D.C. rely on these numbers, and a lack of confidence in the data has far-reaching consequences.”

Dana Bash discusses Antoni’s nomination with the "Inside Politics" panel, and CNN’s Boris Sanchez and Danny Freeman converse with Douglas Holtz-Eakin, chief economist on the White House Council of Economic Advisers underneath President George W. Bush.

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