Trump's nominee to head the Bureau of Labor Statistics has recommended a moratorium on the release of the monthly jobs report

E.J. Antoni, an economist nominated by U.S. President Donald Trump to head the Bureau of Labor Statistics, has recommended suspending the agency's closely watched monthly jobs report, saying its underlying methodology, economic models and statistical assumptions are fundamentally flawed, according to Fox Business. In an interview before Trump's nomination was announced on Monday, Anthony criticized the data behind the monthly jobs report as unreliable and often exaggerated, warning that it misled key economic policymakers from Washington to Wall Street. "How exactly should businesses plan when they don't know how many jobs are being added or removed from our economy, or how should the Federal Reserve conduct monetary policy? This is a serious problem that needs to be addressed immediately," Anthony said. The Bureau of Labor Statistics should suspend its monthly jobs report until the problem is corrected, but continue to release more accurate, but less timely, quarterly data, "he said." Key policymakers from Wall Street to Washington, D.C., rely on these data, and a lack of confidence in them has far-reaching implications. "