Trump's nominee for BLS director has suggested suspending the monthly jobs report

according to Fox Business Channel, economist E.J. Antoni, nominated by US President Trump as the head of the Bureau of Labor Statistics, suggested suspending the agency's closely watched monthly employment report, citing fundamental flaws in its basic methods, economic models, and statistical assumptions. Before Trump's nomination was announced on Monday, Antoni criticized the unreliable data behind the monthly employment report in an interview, warning that it is often exaggerated and misleading key economic decision-makers from Washington to Wall Street. Antoni stated: "When businesses do not know how many job opportunities have been added or lost in our economy, how are they supposed to plan, or how should the Federal Reserve execute 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 issue is corrected, but should continue to release more accurate but less timely quarterly data," he said, "Key decision-makers from Wall Street to Washington rely on this data, and a lack of confidence in this data would have far-reaching consequences."