Trump picks Heritage economist Antoni to lead US labor statistics agency

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Trump has now hired a devotee from the Heritage Foundation to lead the BLS. He was part of Project 2025, the plan Trump said he knew nothing about during the campaign. Now we are going to begin seeing the distortion of statistics to fit the narrative the supreme leader wants to be told. Unfortunately he has convinced at least 30 percent of the population that the truth is fake news and so they will believe the distortion. Altering facts to fit what the "leader" wants to create as a narrative is one of the hallmarks of a dictator. Hopefully me saying this doesn't get the this thread closed, but this is the reality we are now facing.

Trump picks Heritage economist Antoni to lead US labor statistics agency​


U.S. President Donald Trump on Monday said he was nominating economist E.J. Antoni as the new Bureau of Labor Statistics commissioner, 10 days after firing the agency's previous leader following a weak scorecard of the job market, accusing her without evidence of manipulating the figures.

Antoni is currently the chief economist at the influential conservative think tank Heritage Foundation. He has been critical of the BLS, the Labor Department's statistical agency, whose monthly figures about the state of the job market and inflation are consumed by a global audience of economists, investors, business leaders, public policymakers and consumers.

The nomination of Antoni, who contributed to "Project 2025," the controversial conservative plan to overhaul the government, was met with reservations from economists.

 
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Trump has now hired a devotee from the Heritage Foundation to lead the BLS. He was part of Project 2025, the plan Trump said he knew nothing about during the campaign. Now we are going to begin seeing the distortion of statistics to fit the narrative the supreme leader wants to be told. Unfortunately he has convinced at least 30 percent of the population that the truth is fake news and so they will believe the distortion. Altering facts to fit what the "leader" wants to create as a narrative is one of the hallmarks of a dictator. Hopefully me saying this doesn't get the this thread closed, but this is the reality we are now facing.

Trump picks Heritage economist Antoni to lead US labor statistics agency​


U.S. President Donald Trump on Monday said he was nominating economist E.J. Antoni as the new Bureau of Labor Statistics commissioner, 10 days after firing the agency's previous leader following a weak scorecard of the job market, accusing her without evidence of manipulating the figures.

Antoni is currently the chief economist at the influential conservative think tank Heritage Foundation. He has been critical of the BLS, the Labor Department's statistical agency, whose monthly figures about the state of the job market and inflation are consumed by a global audience of economists, investors, business leaders, public policymakers and consumers.

The nomination of Antoni, who contributed to "Project 2025," the controversial conservative plan to overhaul the government, was met with reservations from economists.

kleenex-truck.webp
 
The Trump Administration = Bootlicker Central

Where fascism & TDS reigns supreme....

imns02pjuvi41.jpg
 
He wants to suspend the monthly jobs report. Is a Trump sycophant, not a statistician.
I can't think of a time I ever had an issue with the Heritage Foundation's numbers TBH even if their conclusions were a bit out there. Anyway, the issue is that the compliance rate is down from the 80's to low 60's in the last few years so they are not getting good quality data for the monthly reports. I suppose Trump could just decree a tariff on any company that doesn't provide the data, but otherwise, I understand the logic here of going to quarterly reports.
 
I suppose Trump could just decree a tariff on any company that doesn't provide the data, but otherwise, I understand the logic here of going to quarterly reports.
How long after they're issued are they allowed to be revised and by how much?

What lag between the end of the quarter and published numbers?
 
How long after they're issued are they allowed to be revised and by how much?

What lag between the end of the quarter and published numbers?
Well these things would need to be established so the markets would know when to expect them. The bigger issue would be how will they do the season adjustments, but that too can be sorted.

What we do know is that the current system isn't working well given how off the numbers have been the last 4 or 5 years, so I am open to trying something different to see if that helps getting more accurate data out there.
 
Well these things would need to be established so the markets would know when to expect them. The bigger issue would be how will they do the season adjustments, but that too can be sorted.

What we do know is that the current system isn't working well given how off the numbers have been the last 4 or 5 years, so I am open to trying something different to see if that helps getting more accurate data out there.
Bad reports during Trump term II and they are not working well...ok.
 
Bad reports during Trump term II and they are not working well...ok.
Well, clearly you missed the Biden numbers having been off by 818,000....ok. 818,000 Fewer Jobs Added to the Economy than Previously Reported | The U.S. House Committee on the Budget - House Budget Committee.

“Based on more comprehensive data released from state unemployment tax records,
the Biden Bureau of Labor Statistics acknowledges they were way off on the number
of new jobs created between March of 2023 and March of 2024 by almost one million
or 30%, which is five times their average margin of error."
 
Well, clearly you missed the Biden numbers having been off by 818,000....ok. 818,000 Fewer Jobs Added to the Economy than Previously Reported | The U.S. House Committee on the Budget - House Budget Committee.

“Based on more comprehensive data released from state unemployment tax records,
the Biden Bureau of Labor Statistics acknowledges they were way off on the number
of new jobs created between March of 2023 and March of 2024 by almost one million
or 30%, which is five times their average margin of error."
Only an issue when not helpful to Trump[. Got it.
 
Trump has now hired a devotee from the Heritage Foundation to lead the BLS. He was part of Project 2025, the plan Trump said he knew nothing about during the campaign. Now we are going to begin seeing the distortion of statistics to fit the narrative the supreme leader wants to be told. Unfortunately he has convinced at least 30 percent of the population that the truth is fake news and so they will believe the distortion. Altering facts to fit what the "leader" wants to create as a narrative is one of the hallmarks of a dictator. Hopefully me saying this doesn't get the this thread closed, but this is the reality we are now facing.

Trump picks Heritage economist Antoni to lead US labor statistics agency​


U.S. President Donald Trump on Monday said he was nominating economist E.J. Antoni as the new Bureau of Labor Statistics commissioner, 10 days after firing the agency's previous leader following a weak scorecard of the job market, accusing her without evidence of manipulating the figures.

Antoni is currently the chief economist at the influential conservative think tank Heritage Foundation. He has been critical of the BLS, the Labor Department's statistical agency, whose monthly figures about the state of the job market and inflation are consumed by a global audience of economists, investors, business leaders, public policymakers and consumers.

The nomination of Antoni, who contributed to "Project 2025," the controversial conservative plan to overhaul the government, was met with reservations from economists.

Good that he picked an economist, don't you think?
 
Only an issue when not helpful to Trump[. Got it.
Except I maintained Biden's numbers were BS before they were officially BS. Biden, however, chose to do nothing about it. The new Trump guy is going to try to change something at least to attempt to fix the issues. I get that you really believed those fake Biden numbers, but they were as fictitious as everything about his "historic" presidency. Life goes on. The system will be changed. Deal with it.
 
Except I maintained Biden's numbers were BS before they were officially BS. Biden, however, chose to do nothing about it. The new Trump guy is going to try to change something at least to attempt to fix the issues. I get that you really believed those fake Biden numbers, but they were as fictitious as everything about his "historic" presidency. Life goes on. The system will be changed. Deal with it.
You basically maintained wrong. because the world economic experts recgnized that our ecomony was the strongest. This guy isn't going to fix anything, hes going to make up numbers to please trump.
 
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