BLS nominee EJ Antoni floats suspending monthly jobs report
Share this @internewscast.com


() President Donald Trump’s nominee to oversee the Bureau of Labor Statistics has drawn criticism after suggesting the agency suspend its monthly jobs report.

In an unprecedented move, E.J. Antoni, whose nomination has already raised concerns the administration may manipulate critical economic data to fit Trump’s agenda, has proposed replacing monthly updates with quarterly reports until what he calls “issues” in data collection are resolved.

“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?” Antoni told Fox ahead of his nomination. “It’s a serious problem that needs to be fixed immediately.”

The BLS flagship jobs report is among the most important economic indicators for Wall Street. Investors and economists rely on it to gauge the nation’s overall financial health and clues about upcoming interest rate decisions. More importantly, it offers companies a glimpse into potential monetary policy or action from the Federal Reserve, especially around the rate decision. 

Critics warn fewer reports could reduce transparency, heighten uncertainty for markets and companies, and potentially increase economic uncertainty for investors and companies.

Bankruptcy filings highest since 2010

The timing is especially sensitive as U.S. corporate bankruptcies hit their highest monthly total since 2020 in July, with 71 large public and private companies filing, up from 66 in June.

Year-to-date, filings totaled 446 through the end of July, the most for these seven months since 2010, according to S&P Global Market Intelligence data.

Supporters of Antoni’s proposal have argued more accurate data could ultimately help shape better policy, though opponents say delaying information could make an already fragile business environment even more risky.

Trump threatens ‘major lawsuit’ against Fed chair

Antoni’s proposal comes as Trump threatens a lawsuit against Fed chair Jerome Powell related to renovations of the central bank’s headquarters and ramps up pressure on Powell to cut interest rates.

“Jerome ‘Too Late’ Powell must NOW lower the rate,” Trump wrote Tuesday on social media. “I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings. Three billion dollars for a job that should have been a $50 million dollar fix up. not good!”

Trump provided no details on the nature of the lawsuit or who would bring it. He blamed his former Treasury secretary, Steven Mnuchin, for suggesting Powell for the role.

“Steve ‘Manouychin’ really gave me a ‘beauty’ when he pushed this loser. The damage he has done by always being Too Late is incalculable,” Trump wrote.

Share this @internewscast.com
You May Also Like

Ruwa Romman Launches Campaign for Georgia Governorship

On Monday morning, Democratic House Representative Ruwa Romman took to her X…

Alert Issued as Hurricane Gabrielle Advances; Two Tropical Systems Expected to Form

TAMPA, Fla. (WFLA) The National Hurricane Center is monitoring two tropical waves…

Details Unveiled About the Suspect in the Tragic Michigan Church Shooting

The individual charged with the deadly shooting and blaze on Sunday at…

Trump Schedules Meeting with Schumer, Jeffries, Johnson, and Thune Before Shutdown Deadline Looms

President Trump plans to meet with the leading congressional figures on Monday…

Netanyahu and Trump plan meeting amid growing calls to resolve Gaza conflict

Following his assertive address at the United Nations where he dismissed calls…

Michigan Suspect Intentionally Set Church Ablaze and Fired Shots During Service

IE 11 is not supported. For an optimal experience visit our site…

Breaking News: Prepare for Significant Changes in the AP Top 5 College Football Rankings

The latest AP Top 25 college football rankings are almost here. Look…

Tragic Church Shooting in Michigan Results in Multiple Fatalities and Injuries

() Four people have been killed and eight others injured in a…

Bad Bunny Set to Lead Super Bowl 60 Halftime Performance in 2026

IE 11 is not supported. For an optimal experience visit our site…

Fatal Shooting Incident at Michigan Church Leaves One Dead

IE 11 is not supported. For the best experience, please access our…

Key Details on Trump’s Latest Plan for Pharmaceutical Tariffs

(The Hill) President Trump’s new pharmaceutical tariff policy introduces another obstacle into…

Asian stocks rise as Wall Street ends its 3-day losing streak

Shares were mostly higher Monday in Asia after Wall Street broke its…