The editor of RealClearMarkets, John Tamny, has a point. An important question to debate today should be: is the Bureau of Labor Statistics still relevant today?
While the August firing of BLS Commissioner Erika McEntarfer, and the subsequent appointment of E.J. Antoni by President Trump have created quite a political stir, the discussion should focus on the use and importance of the BLS’ major product: the monthly jobs report which is eagerly awaited by the business community, the White House and the media.
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