President Trump Nominated to lead Labor Statistics Bureau This suggests that the agency suspends its monthly job reports, an economic head that is dependent on the Federal Reserve and American businesses to estimate the health of the economy.
In an interview on Fox News Digital on Monday before his enrollment, EJ Antony criticized the monthly employment report and suggested it as a flawed and replaced it with “more accurate, although less time, quarterly data”.
Antony, who is a partner in the Orthodox Heritage Foundation Think Tank, was tapped by Mr. Trump on Monday to run BLS after the President Exfrime former commissioner Earlier this month, convicted him for disappointing July job reportsMr. Trump raised the issue with large amendments for the data of last month’s jobs, although the number of jobs is usually issued by the agency as more accurate data is collected over time.
“How to plan businesses on Earth – or how the fed is considered to conduct monetary policy – when they do not know how many jobs are being added or lost in our economy? It is a serious problem that needs to be decided immediately,” Antony told Fox News Digital.
He said, “BLS should suspend the release of monthly job reports until it is not correct, but keep publishing more accurately, although at a short time, quarterly data.”
While some survey recipients immediately respond to BLS surveys, others Report data laterWhich leads to monthly amendment. Despite this, the BLS releases its monthly job reports to report timely employment information, even if it is subject to amendment – both later and down – in later reports.
