Trump’s BLS Nominee Proposes Halting Monthly Jobs Report Over Method Flaws
E.J. Antoni, nominated by President Trump as head of the U.S. Bureau of Labor Statistics, has called for a pause in the publication of the monthly jobs report. He argued the report’s methodology, economic model and statistical assumptions contain fundamental flaws. According to Antoni, the unreliable economic data can mislead decision-makers from Washington to Wall Street. He suggested halting the monthly report until its flaws are fixed and relying instead on more accurate quarterly data. This proposal could affect the Federal Reserve’s policy decisions and raise market volatility due to reduced real-time economic indicators. Business leaders may struggle to plan without reliable monthly jobs data.
Neutral
Antoni’s call to pause the monthly jobs report introduces uncertainty into real-time economic data. For crypto traders, this change is likely neutral. In the short term, reduced transparency could increase volatility as markets lose a key data input. However, long-term effects remain unclear until revised methodologies are implemented. Historically, markets have shown muted directional trends when data revisions or publication changes occur, awaiting new information. While the proposal could slow Fed policy responses to employment changes, it does not directly alter crypto fundamentals. As a result, traders should expect a neutral impact, with possible spikes in volatility around Fed meetings and any further announcements on methodology.