Why bls Is Trending Today?

Donald Trump has named E.J. Antoni, a conservative economist from the Heritage Foundation, as the new head of the Bureau of Labor Statistics (BLS). Antoni, who has been critical of the agency's data, will replace Erika McEntarfer, who was fired by Trump following a dispute over jobs data. The appointment has been met with criticism from both the right and the left, with some expressing concerns about Antoni's views on data integrity. Meanwhile, in San Antonio, a special weather statement has been issued by the National Weather Service, warning of potential severe weather in the area.

Trump's economic adviser Kevin Hassett defended the President's firing of BLS Commissioner Erika McEntarfer, stating that Trump's "own people" would provide more transparent and reliable jobs reports. The move, which occurred after weak jobs numbers, sparked bipartisan support for McEntarfer, with senators like Padilla calling for an investigation and Summers comparing it to Nixon's actions. The BLS also calculates the Consumer Price Index (CPI), as discussed in a Wall Street Brunch article.

Trump fired BLS Commissioner Erika McEntarfer after criticizing jobs data as "phony," drawing criticism from Democrats and statisticians, and sparking comparisons to Putin's strategies.

Trump fires BLS commissioner McEntarfer following disappointing July jobs report.