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White House Economist: Economic Statistical Agencies Need a "New Perspective"

White House Economist: Economic Statistical Agencies Need a "New Perspective"

金色财经2025/08/01 22:47

According to a report by AXIOS cited by Jinse Finance, Stephen Miran, a senior White House economist, stated that a key economic statistics agency needs a "fresh perspective," but he did not echo President Trump's claims of political manipulation regarding Friday's employment data. On Friday, Trump ordered the dismissal of the head of the Bureau of Labor Statistics after he, without evidence, alleged that the disappointing jobs data had been "manipulated." The bureau later confirmed that Director Erika McEntarfer had been dismissed, and her deputy, William Wiatrowski, would serve as acting director. The July employment report released earlier on Friday showed that only 73,000 jobs were added last month. The Bureau of Labor Statistics also announced significant data revisions, revealing that total employment was 258,000 lower than previously estimated. This marks the second-largest two-month downward revision on record, surpassed only by adjustments made during the pandemic. Miran commented, "Now is absolutely the time to look at this issue with a new perspective and work to find solutions that improve data reliability and reduce the scale of revisions. The agency should try to incentivize faster feedback, or consider delaying data releases by a week or two if that would help reduce the extent of subsequent revisions."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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