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.
Asked if BLS will continue to release the report of monthly jobs, White House Press Secretary Karolin Levitt said, “I believe this is a plan and hope, and that the monthly report will be data that American people can trust.”
“We need to restore the new leadership in BLS that we trust”, saying “We need to look at the means and methods that the United States are receiving this very important data,” Levit said, “the United States that the United States is receiving this very important data.”
“The goal is to provide honest and good data to the American people to make very important economic decisions,” he said.
Responding to BLS’s employment surveys is voluntary for businesses, while the management and budget office of the federal government Directing BLS to release “strong” data on “time” manner on basic economic indicators. Experts say this has become more challenging because fewer people and institutes respond to surveys.
Economists of Goldman Sachs have written in the August 11 research note, “The response rate for almost every top level government statistical survey in the last decade has declined, which is a quick trend during the epidemic.”
