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

ICE Officers Step In: TSA Duties Transition at Major US Airports

ATLANTA – In response to President Donald Trump’s decision to bolster airport…

Unprecedented Heatwave Sweeps Across U.S.: Nationwide Soaring Temperatures Alert

As spring struggles to emerge, a formidable heat dome that shattered March…

Kingsport House Fire Leaves Family Displaced, No Injuries Reported

Early Monday morning in Kingsport, Tennessee, a blaze forced a family out…

Hawkins County Authorities Probe Mysterious Death in Ongoing Investigation

BULLS GAP, Tenn. (WJHL) — In Bulls Gap, the Hawkins County Sheriff’s…

Gallup Survey Reveals Significant Rise in Worker Pessimism Regarding Job Market Over Recent Years

WASHINGTON – Despite a notably low unemployment rate, many Americans are increasingly…

Erwin Resident Faces Animal Cruelty Charges After Ex-Police Dog Discovered Malnourished

In a concerning development from Erwin, Tennessee, authorities have charged a local…

Rising Demand for GLP-1 Medications Highlights Continued Importance of Healthy Lifestyle Choices

More Americans than ever are turning to anti-obesity medications, whether it’s through…