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White House Expects Monthly Jobs Report to Continue
Bloomberg Television· 2025-08-12 19:27
Data Reliability Concerns - Bureau of Labor Statistics (BLS) 数据质量和可靠性下降,修订增加 [2] - 本届政府正在解决数据质量问题 [3] Leadership Changes and Future Plans - 总统已任命新领导接管劳工统计局 (BLS) [3] - 目标是为美国人民提供诚实可靠的数据,以供重要的经济决策 [4] - 劳工统计局 (BLS) 计划继续发布月度就业报告 [1] - 需要审查美国获取重要数据的方式和方法 [3]
White House says the plan is for BLS to put out monthly reports
CNBC Television· 2025-08-12 17:54
Economic Data & Policy - Uncertainty surrounds the future of Bureau of Labor Statistics (BLS) jobs reports, with the White House prioritizing process improvement and data accuracy, but offering no guarantees of continuation [2][3] - The White House hopes to continue the jobs reports, but improving flawed processes and removing flawed data is the main priority [3] Trade & Technology - The US government has an agreement with Nvidia and AMD for 15% of sales of advanced chips (not the most advanced) to China in exchange for export permissions [4] - While there are currently no plans to expand the 15% sales agreement model to other industries, the White House views it as innovative and potentially expandable in the future [4] Legal & Political - The President is threatening a lawsuit against the Federal Reserve (Fed) chair, J Pal, with no details provided on the grounds for the lawsuit [5]
X @Bloomberg
Bloomberg· 2025-08-12 16:33
Labor Market Data - A potential appointee to lead the Bureau of Labor Statistics has proposed suspending monthly jobs reports [1] - The proposal suggests switching to quarterly reports until data collection issues are resolved [1]
'A way to show fealty.' Trump tightens grip on big business with Nvidia, AMD deal
MSNBC· 2025-08-12 05:32
US-China Trade & AI Chip Sales - The Trump administration is reportedly seeking a 15% cut of all AI chip sales to China from companies like Nvidia and AMD, potentially generating $2 billion in revenue [1][6] - Concerns arise that this arrangement might be unconstitutional as an export tax and could set a precedent for economic racketeering, jeopardizing US economic and national security [1][7] - The policy shift reverses previous export controls designed to maintain US leadership in the AI race, raising questions about prioritizing revenue over strategic advantage [5][6] Bureau of Labor Statistics (BLS) Commissioner Appointment - The appointment of EJ Anton, a critic of the BLS from the Conservative Heritage Foundation, raises concerns about potential political influence on data collection and reporting [1][11] - Anton's background lacks specialized expertise in labor statistics, unlike previous commissioners, fueling worries about the integrity and reliability of BLS data [9][15] - The appointment is viewed as part of a broader trend where government influence and potential data manipulation could erode trust in the US economy and institutions [14][16] Economic Policy & Investment Climate - The described actions are perceived as creating an environment where companies feel compelled to pay tribute to the government to conduct business in the US [14] - Such policies could deter foreign and domestic investment by undermining the rule of law and the independence of institutions like the central bank [16][17] - The situation is compared to a slippery slope where compromising economic and national security for short-term gains could have long-term negative consequences [7][16]
X @The Wall Street Journal
Trump plans to nominate E.J. Antoni, a longtime critic of the Bureau of Labor Statistics, to lead the agency https://t.co/02INv3AEL8 ...
X @CNN
CNN· 2025-08-11 23:03
President Trump nominates economist E.J. Antoni to be the new commissioner of the Bureau of Labor Statisticshttps://t.co/34CoDWiL6Z ...
Joe laughs at Trump's charts: 'Brought to you by Kinkos, and Project 2025'
MSNBC· 2025-08-11 16:45
I was telling the president that he did the right thing in calling for a new head of the Bureau of Labor Statistics because this shows that over the last uh two years of the Biden administration, the BLS overestimated job creation by 1.5% million jobs. That's a Mr. . President, that's a gigantic error.And uh I I don't know if she's I'm not Might have been an error. That's the bad part. It was an error.It would be one thing. I don't think it's an error. I think they did it purposely.In his first 5 months in ...
X @The Wall Street Journal
Agency Leadership - The Trump administration is interviewing candidates to lead the Bureau of Labor Statistics [1] - The candidates include at least one longtime critic of the agency [1]
X @The Wall Street Journal
The Trump administration is interviewing candidates to lead the Bureau of Labor Statistics including at least one longtime critic of the agency, according to a senior administration official https://t.co/HXMXT2fdTt ...
'Firing the BLS commissioner is serious': National Review rebukes Trump
MSNBC· 2025-08-05 15:11
Government and Economic Data Integrity - The integrity of the Bureau of Labor Statistics (BLS) is crucial for the economy, as it provides essential information on jobs and wages [2][3] - Undermining the credibility of statistical information, especially jobs reports, is compared to authoritarian tactics [4][8] - The reliability of U S statistics is important for both the government and the private sector globally [6] Presidential Actions and Economic Policy - The President believes jobs numbers are rigged, without providing specific evidence [1][10] - The President fired the BLS Commissioner, raising concerns about political interference in statistical reporting [4][5] - The President is considering candidates for Federal Reserve Chair, potentially favoring those who support lower interest rates [15][18][20] Trade and Tariffs - The President claims to be negotiating significant investment deals with other countries, but details are lacking [11][12] - There are concerns about whether these investment deals will materialize and what consequences exist if countries don't follow through [12][13] - The President suggests using higher tariffs as leverage if countries fail to meet investment commitments [12] Economic Uncertainty and Global Impact - The President's actions and decisions are seen as potentially dictatorial, affecting the entire world [22][23] - Concerns exist about the credibility of the Federal Reserve if the President appoints someone who will prioritize political goals over controlling inflation [23][24]