EJ Antoni proposes defective data data, to suspend monthly reports

EJ Antoni, the economist who was exploited by the president Donald Trump To lead the work statistics office, he suggested that the monthly monitoring agency report be suspended, on the pretext that its basic methodology, economic modeling and statistical assumptions are mainly defective.

In an interview with Fox Business before the nomination announced on Monday, Anthony criticized the data behind the monthly job report as unreliable and often exaggerated, warning that she is misleading major economic decision makers from Washington to Wall Street.

Former BLS Commissioner says there are better ways to collect data for job reports

“How can companies be planned on the ground – or how the Federal Reserve is supposed to conduct monetary policy – when they do not know the number of jobs that are added or lost in our economy? It is a serious problem that must be repaired immediately,” Anthony told Fox Business:

He said: “In order to be corrected, BLS must suspend the issuance of monthly job reports but continue to publish the most accurate data, although it is less timely,” The main decision makers from Wall Street to the capital depend on these numbers, and the lack of confidence in long -term data. “

Anthony, President of the Heritage Foundation EconomistYou should face the confirmation of the Senate before going up to the first position in the work statistics office.

“Our economy is prosperous,” Trump wrote in a newspaper on August 12. “I know EJ Antoni will do an incredible job in this new role. Congratulations EJ!”

Anthony and the Heritage Foundation did not immediately respond to the Fox Business request for comment.

Trump orders the end of the responsible work statistics after the job report

The appointment of Anthony follows Trump’s sudden rejection of the agency’s former commissioner, Erika Missinarfar. It was removed hours after the agency’s issuance of new data showing that the growth of jobs has been exaggerated. The office reviewed its numbers in May and June to 258,000 jobs, which is an unusually major correction that has caused sharp criticism from Trump.

“In my opinion, today’s job numbers were provided to make the Republicans, and it seems bad for me,” Trump wrote in a social position in fact on August 1.

Anthony Fox Business told that he did not believe that job data has been deliberately addressed, as some suggested, but instead he argues that the ongoing defects in the work of the work statistics office did not have been addressed.

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He pointed out that the response rate is low – now less than 50 % – as a major factor that contributes to inaccuracy, saying, “No one in the strength position determines the problems in the data.”

Anthony said: “The problems in BLS data have been clear three years ago, and they have not been repaired,” Anthony said.

“The fact that you have great descending reviews constantly means that there are other wrong things in your models and methodologies. Statistical assumptions that may have been working well before Covid did not work in today’s economy, and thus you need to review.”