Donald Trump says the jobs numbers are rigged—now he’s putting Heritage Foundation economist E.J. Antoni in charge of fixing them. But here’s the problem: the second his name was announced, the “numbers can’t be trusted” chorus began. In this episode of Watchdog on Wall Street:
Why E.J. Antoni is stepping into a political minefield
The case for scrapping monthly jobs reports entirely
How outdated, unreliable data collection is crippling trust in government stats
Why America desperately needs accurate numbers before the Fed makes its next big move
Wall Street trades on them. The Fed makes decisions on them. And right now? Nobody believes them.