Economist in Trump's BLS fight: Job estimating due for revamp
Share this @internewscast.com


() An economist aligned with President Donald Trump isn’t backing White House claims that monthly U.S. job numbers have been rigged against the Republican, but he says it’s high time for calculation methods to be revamped for better accuracy.

Stephen Moore joined the president Thursday for a news conference in which he helped tout the Trump administration’s economic policies and inserted himself into the controversy over the Bureau of Labor Statistics. Trump fired the head of BLS after accusing the bureaucrat of revising downward recent monthly job tallies to make him look bad, even though corrections have been a hallmark of the process.

Moore said he doesn’t see a political subtext but agrees BLS has produced inaccurate figures. He says the agency overestimated by 1.5 million the number of jobs created by Trump’s predecessor, Joe Biden, in the Democrat’s last two years in office.

“We have to find new techniques to find out how many jobs were really created over the months,” Moore told “CUOMO” on Thursday evening. “Look, government policy, employment policy by businesses, all of this stuff is really affected. When we want to take a pulse of the economy, the most important number that comes out every month is the jobs number.”

He did not provide specifics but likened today’s outmoded methods of compiling job statistics with political pollsters who still rely on reaching out to voters through land lines when most people use cellphones.

“Response rates are much, much worse, and that’s why you get these kind of crazy results,” Moore said.

He said job statistics have gotten progressively worse over the last few presidential administrations.  

Moore currently is a senior visiting fellow in economics at The Heritage Foundation, a conservative think tank. He co-authored a 2018 book, “Trumponomics: Inside the America First Plan to Revive Our Economy.”

Share this @internewscast.com
You May Also Like

Japan’s Takaichi: The Fashion-Forward Politician Inspiring a Nation with Her Relentless ‘Work, Work, Work’ Ethic

TOKYO – Japan’s Prime Minister Sanae Takaichi’s commitment to relentless dedication, encapsulated…

UK & Norway Unite: Strategic Naval Patrols to Safeguard Undersea Cables from Russian Threats

Norway’s Minister of Defence Tore O. Sandvik, left, and Britain’s Secretary of…

Johnson City Welcomes New Assistant City Manager: Boosting Leadership for Future Growth

In a strategic move aimed at bolstering the administrative leadership of Johnson…

21st Annual Johnia Berry Toy Drive Extends Donations Through Thursday

The Johnia Berry Toy Drive has once again kicked off for its…

Colombian Family Seeks Justice After Man’s Death in U.S. Caribbean Strike: Human Rights Case Launched

BOGOTA – In a groundbreaking legal move, the relatives of a Colombian…

Washington County Property Committee Delays Verdict on Future of County Farm Property

In Jonesborough, Tennessee, the Washington County Property Committee convened on Wednesday evening…

Luigi Mangione’s Court Proceedings Progress on Anniversary of UnitedHealthcare CEO’s Tragic Death

NEW YORK – A critical hearing is set to resume on Thursday…

Marion County Rape Suspect Faces Multiple Charges; Authorities Seek Additional Victims

In a disturbing series of events unfolding in Marion County, Florida, a…

Trump Proposes Rollback of Vehicle Mileage Standards to Ease Air Pollution Regulations

WASHINGTON – President Donald Trump is poised to unveil a new initiative…

Trio Sentenced for 2023 Extortion Scheme Linked to Tragic Jonesborough Suicide

A New Jersey couple and a man from Washington have been sentenced…

Trader Joe’s Expands Presence in Florida with New Store Launch in Melbourne

In a scene of bustling excitement, the city of Melbourne, Florida, welcomed…

President Xi of China and President Macron of France Commit to Joint Efforts on Global Challenges and Trade Relations

BEIJING – In a move to strengthen ties, China and France have…