Trump administration hints to halting the monthly job's report, until process can be "improved"...

[posty 2,740]

I guess they like be opaque as possible...

https://www.yahoo.com/news/articles/trump-bls-pick-hints-halting-170534520.html

President Donald Trump’s pick to lead the Bureau of Labor Statistics is floating the idea of suspending the monthly jobs report in favor of less-frequent quarterly data published by the statistical agency.

E.J. Antoni said that BLS should halt issuing the reports — which are widely relied upon by economists, the Federal Reserve, Wall Street and other businesses to gauge the state of the economy in close to real time — until its methods can be improved to limit subsequent revisions.

“How on earth are businesses supposed to plan — or how is the Fed supposed to conduct monetary policy — when they don’t know how many jobs are being added or lost in our economy?” Antoni said in an interview with Fox News Digital released Tuesday.

“Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,” said Antoni, who is currently the chief economist at the conservative Heritage Foundation.

Such a change would almost certainly unnerve markets, and it is unclear what criteria BLS would need to meet to bring those monthly reports back online.

The Fox Business report said the interview was conducted Aug. 4, before Trump’s announcement naming him as the nominee to serve as BLS commissioner.

“Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,” the president posted on his Truth Social account Monday evening. “I know E.J. Antoni will do an incredible job in this new role.”

Trump fired the sitting commissioner, Erika McEntarfer, earlier this month after the employment report for July included unexpectedly large revisions for the two prior months — wiping away more than a quarter-million jobs, a sizable chunk of the growth under the early part of Trump’s first year back in office.

Trump alleged without evidence that those numbers, as well as previous BLS data published under her tenure, were manipulated to damage Republicans.

Administration officials and Trump-friendly economists like Antoni have separately tried to explain McEntarfer’s ouster as a matter of competence and ensuring trust in the bureau's work.

"The fact that you consistently have large downward revisions means that there are other things wrong with your models and methodologies," Antoni told Fox Business. "Statistical assumptions that may have worked fine before Covid no longer work in today’s economy and therefore need to be revised."

However, Antoni’s comments will surely come up in the Senate confirmation process.

[Ron_Artest 1,680]

If you don't like the jobs numbers, stop reporting them.

This is what authoritarians do.

[Maximum Overkill 2,104]

Our Cities are Burning  

[seafoam1 3,190]

Smart move. Get it right or don't do it at all.

Go Trump. Winning.  

[squistion 2,268]

16 minutes ago, Ron_Artest said:

If you don't like the jobs numbers, stop reporting them.

This is what authoritarians do.

Or manipulate them to say what you want.

[posty 2,740]

10 minutes ago, squistion said:

Or manipulate them to say what you want.

That was my first thought...  Both sides of the aisle tweaks numbers to their liking to make their side look good and the other side look bad...

Just give the numbers and try to fix it if they are low or try to improve it even more if they are high...

[seafoam1 3,190]

Or do what Trump is doing and slow the process down a bit and get it right. 

[weepaws 3,223]

They need time to make it look better in their favor, good move for trump, lying to the US people is his strong suit, and support by liberal voters.  

[RLLD 4,272]

Something tells me they know there is bad news in the jobs sector and do not want to report it for a while.

[Tree of Knowledge 1,929]

15 hours ago, Ron_Artest said:

If you don't like the jobs numbers, stop reporting them.

This is what authoritarians do.

It worked on inner city crime rates with you.  

[Ron_Artest 1,680]

13 minutes ago, Tree of Knowledge said:

It worked on inner city crime rates with you.  

I never stopped reporting inner city crime rates.  Never started either 

[RLLD 4,272]

2 hours ago, Tree of Knowledge said:

It worked on inner city crime rates with you.  

This is true.  Democrats have mastered the reframing of situations to paint a picture.  Recently, they have tilted so far left that their policies are ruinous and even their malignment of data cannot hide the truth.  They are rather accustomed to gaslighting without issue, but people seem to be buying the lies less and less.  I think this is really good.

[Tree of Knowledge 1,929]

4 minutes ago, RLLD said:

This is true.  Democrats have mastered the reframing of situations to paint a picture.  Recently, they have tilted so far left that their policies are ruinous and even their malignment of data cannot hide the truth.  They are rather accustomed to gaslighting without issue, but people seem to be buying the lies less and less.  I think this is really good.

Sadly, some of their pawns like Rusty Pimples and Squissy will bang the drum to the bitter end. 

[RLLD 4,272]

8 minutes ago, Tree of Knowledge said:

Sadly, some of their pawns like Rusty Pimples and Squissy will bang the drum to the bitter end. 

Right.  There will always be those who cannot accept their ideas are wrong, dont work etc....    And even when their ideas fail miserably, they pretend its just because of something else....

There are some rare examples where liberals have admitted they were wrong, the drug policies in Portland come to mind.  This is great of course.

BUT.....in order for them to accept their stupid ideas wont work, they first have to harm alot of people....when simple common sense used from the jump could have avoided that.