The former Trump counselor criticizes Trump’s timing to overthrow the US -Qaysar data: “Like the release of the ruling”

Stephen Moore, former economic advisor to President Donald Trump, told luck The launch of Mcentarfer when he did so was closer to “the referee’s launch because you don’t like the way the game appeared.”

“I am not here to defend Trump,” Moore, who was also Trump’s candidate for one time to serve as a federal reserve governor. “But I think he should have launched it a long time ago, because the numbers that have now come out over the past few years were not an accurate measure of what is already happening in the economy.”

Trump became angry with McenseTarfer after the new report reviewed the American job numbers significantly from May and June, which reduced about 258,000 combined jobs for those months. The review is formed Elderly Look down to the numbers of jobs in approximately 60 years.

President books In fact, social, on Friday that McNTarfer, the Biden administration, appoints “treatment” and “fake” job reports numbers to achieve political gains. He said he would replace it with a “more efficient” person.

Moving away from the scanning data

Moore, while does not agree that the numbers were tampered with, agree with Trump that BLS needs a new “MR. Fix IT” for the presidency of the office. He said that within 40 years of his work in economic research, he never saw that the numbers of jobs became very unreliable.

Moore said that modern economic data suffers from the same issue of political voting: no one wants to capture the phone anymore. The monthly job report relies heavily on business surveys and families, which succeeded when everyone used the land phones, but it is less reliable in the digital age.

“The procedures that BLS use are 75 years old,” Moore added. “They must be completely renewed.”
The epidemic appears to have accelerated the direction of people who ignore the plasma calls. Before 2020, Response rates To the current recruitment statistics polls – which BLS uses to collect the monthly job report – surrounds about 60 %. It has since decreased to 45 %.

Days before Trump McNavartre, a group of two parties – including Nobel Paul’s Prize holder – letter To Congress requests funding to update the data collection process.

Economists have argued that agencies need space and money to “restore” the response rates, while trying new data collection methods.

Economists wrote: “The transition to a system in which the less survey data is mixed with the data of the administrative and private sector, while preserving the standards of data integration and privacy, is the important task facing statistical agencies today.”

However, researchers in the Federal Reserve in San Francisco, who lesson Earlier in the poll response earlier this year, I found that with low response rates providing concerns about the reliability of data, it did not necessarily lead to larger reviews than the average of reports such as the monthly job report.

Claire Merrsol, economist in BLS, He said the Wall Street Journal Many of the reviews on the previous numbers were part of “re -calculating the routine of seasonal factors”.

“Monthly reviews of the movements inside the industries – one of them usually rises,” Merrsol said. “In June, most of the reviews were negative.”

In other words, sharp negative reviews could be just an opportunity.

Even if the data becomes more reliable, some Republican allies from the president said that the shooting of the BLS president would not do much to fix the problem. Senator Rand Ball, Republic of Kentucky, He said NBC News Asked how to improve this step of BLS resolution.

“I will look at it, but the first impression is that you cannot really make the numbers different or better by release people who take the count,” he said.

The Senator Lisa Moorkovsky, the Republican Party of Alaska, said it does not trust the numbers, but this step is worse.

“And when you shoot people, that makes people trust them less,” she said.