The director of the U.S. Bureau of Labor Statistics nominated by Trump suggests pausing the release of the monthly employment report

According to reports from Hashi Chain, E.J. Anthony, nominated by President Trump as the director of the Bureau of Labor Statistics, suggested temporarily halting the release of the highly anticipated monthly employment report. He pointed out that the report's methodology, economic models, and statistical assumptions have fundamental flaws. Before Trump's nomination announcement, Anthony criticized the reliability of the data behind the monthly employment report in an interview, stating that it is often exaggerated and warned that this data misleads key economic decision-makers in Washington and Wall Street. He expressed concern about how businesses can plan when they are unclear about how many jobs have been added or lost in the economy, or how the Federal Reserve can implement monetary policy. This is a serious issue that needs to be addressed immediately. The Bureau of Labor Statistics should suspend the release of the monthly employment report until the issues are corrected, but should continue to release more accurate, albeit less timely, quarterly data. He noted that major decision-makers from Wall Street to Washington rely on this data, and a lack of confidence in it would have far-reaching consequences.