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The Bureau of Labor Statistics will be releasing a jobs report on Friday.
This jobs report is significant due to the fact it is the first one since Donald Trump fired Bureau of Labor Statistics commissioner Erika McEntarfer after major jobs revisions.
The Bureau of Labor Statistics (BLS) will deliver Friday its first jobs report since President Trump fired its leader in response to disappointing employment data for July.
Economists are predicting more weakening in the labor market for August, which could prompt further reprisals and criticism from Trump.
E.J. Antoni, the man who was picked by Trump to lead the Bureau of Labor Statistics, called out the data that has been released by the Bureau of Labor Statistics.
In an interview in early August, he told Fox News Digital, “when they don’t know how many jobs are being added or lost in our economy? It’s a serious problem that needs to be fixed immediately.”
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 Aug. 4 interview with Fox News Digital 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 supposed to conduct monetary policy – when they don’t know how many jobs are being added or lost in our economy? It’s a serious problem that needs to be fixed immediately,” Antoni told Fox News Digital.
“Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,” he said, adding, “Major decision-makers from Wall Street to D.C. rely on these numbers, and a lack of confidence in the data has far-reaching consequences.”
Trump called out the major job revisions the Bureau of Labor Statistics has made.
Trump wrote in August, “In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad.”
In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were “taken away” on November 15, 2024, right after the Election, when the Jobs Numbers were massively revised DOWNWARD, making a correction of over 818,000 Jobs — A TOTAL SCAM. Jerome “Too Late” Powell is no better! But, the good news is, our Country is doing GREAT!