Trump, monthly jobs report and BLS
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4don MSN
Trump’s pick to lead labor stats agency could pause monthly jobs report over accuracy concerns
Heritage Foundation economist E.J. Antoni, tapped to lead Bureau of Labor Statistics, calls monthly jobs data unreliable after recent job downward revision.
The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician,
2don MSN
Trump aides try to dispel fears new labor-data chief would scrap crucial monthly jobs report
Senior White House officials say there’s no plan to suspend the crucial monthly jobs report, shooting down an idea espoused by President Donald Trump’s new nominee to run the agency that produces the data.
President Trump announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday, after he fired the former commissioner and blamed her for a weaker-than-expected jobs report.
Mortgage rates fell to their lowest levels since March because job growth has been surprisingly weak this summer.
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.
Revisions are a normal part of the jobs report process. After the report comes out, revisions are later released to include additional information not available at the time of the initial release. For example, survey participants may not respond to the initial deadline.
If a Democratic president tried to so directly politicize an independent agency, Republicans would be screaming about the coming tyranny.