Aug. 12 (UPI) -- Bureau of Labor Statistics commissioner nominee E.J. Antoni has suggested suspending monthly jobs reports in favor of more accurate quarterly reports.
The economist criticized the current methods used by the BLS to gauge employment numbers in the United States in an Aug. 4 interview with Fox News Digital that was reported on Tuesday.
"How on Earth are businesses supposed to plan, or how is the [Federal Reserve] supposed to conduct monetary policy, when they don't know how many jobs are being added or lost in our economy?" Antoni said.
"It's a serious problem that needs to be fixed immediately," he added.
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