He supports President Trump’s move to improve the accuracy and reliability of data.
President Donald Trump fired the Commissioner of the Bureau of Labor Statistics (BLS), Erika McEntarfer, last week after her agency released a jobs report that indicated July employment missed projections. The agency also made major reductions to job numbers published earlier this year.
In the past two months, Commissioner McEntarfer made historically large revisions to the jobs data, showing that job losses in June and July were beginning to rival pandemic-era unemployment. Without counting pandemic numbers, the revisions document the largest losses to the U.S. job market since 1979.
“We need accurate Jobs Numbers,“ President Trump stated. He said the commissioner “will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate.”
National Economic Council Director Kevin Hassett supported the president’s firing of the BLS commissioner. He agreed with the president that revisions to the monthly jobs report were full of errors.
Director Hassett said, “If the data aren’t that good, then it’s a real problem for the U.S. Right now, the data are, have become, very unreliable with these mass revisions over the last few years.”
Hassett said of the BLS commissioner’s removal, “The president’s highest priority that the data be trusted and that people get to the bottom of why these revisions are so unreliable.”
As the Lord Leads, Pray with Us…
- For President Trump as he assesses economic data and considers individuals for appointment to federal economic positions.
- For Director Hassett as he oversees the National Economic Council and advises the president.
- For officials in the president’s administration to seek God’s guidance as they implement economic policies.
Sources: The Hill, CNN, Axios, Reuters, MSN
