The new BLS Commissioner nominee EJ Antoni on FOXBusiness:
- Suggests suspending monthly jobs report
- Argues that it’s underlying methodology, economic modeling and assumptions are fundamentally flawed.
- Says, “How are businesses supposed to plan for the Fed conduct of monetary policy”
- Says that “no one knows how many jobs are being added or lost economy”
- Says that until the problems are corrected, the BLS should suspend issuing the monthly jobs report but key publishing the more accurate though last timely quarterly data.
This article was written by Greg Michalowski at investinglive.com.
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