Insider: Trump Administration Plans to Reform Employment Data Reporting Method to Avoid Major Data Revisions
BlockBeats News, August 13th. According to The Wall Street Journal citing sources familiar with the matter, after weak job performance data led to the sudden dismissal of the Bureau of Labor Statistics director earlier this month, White House officials revealed that the Trump administration is considering changing the way federal government employment data is collected and released.
Sources revealed that in recent days, White House staff have held a series of closed-door meetings with Department of Labor officials to discuss solutions such as using new technology to improve data collection efficiency. A White House aide stated that increasing the Labor Statistics Bureau's survey response rate is one of the reform goals. Officials said Trump has explicitly demanded to avoid major data revisions in the future. White House Press Secretary Levitt said on Tuesday that the President is examining the "statistical methods and processes" behind employment data.
Reports indicate that if there is a change in the statistical methodology of the Non-Farm Payrolls report released on the first Friday of each month, it may raise suspicions from the public that Trump is manipulating data for political purposes. The President, who is known for questioning data that does not align with his worldview, has recently intensified his control over traditional independent agencies and has purged career officials considered disloyal.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
The "1011 Insider Whale" has once again deposited 10 million USDC into Hyperliquid and has taken a long position on ETH with 5x leverage.
MON rose early this morning to touch $0.038 before falling back, and is now trading at $0.0303.
Fed's Daly: Job Market Could Suddenly Weaken, Supports Rate Cut in December
The probability of a 25 basis point interest rate cut by the Federal Reserve in December has risen to 82.7%.
The U.S. third-quarter GDP data will be released on December 23.
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]