Trump’s pick to lead labor stats agency could pause monthly jobs report over accuracy concerns
From foxbusiness.com
E.J. Antoni, the economist tapped by President Donald Trump to lead the Bureau of Labor Statistics, suggested suspending the agency’s closely watched monthly jobs report, arguing that its underlying methodology, economic modeling and statistical assumptions are fundamentally flawed. In an interview with FOX Business ahead of Monday’s nomination announcement, Antoni criticized the data behind the monthly jobs report as unreliable and frequently overstated, warning that it misleads key economic decision-makers from Washington to Wall Street. "How on earth are businesses supposed to plan – or how is the Fed ...
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