Odaily Planet Daily reported that economist E.J. Antoni, nominated by U.S. President Trump to be the director of the Bureau of Labor Statistics, has suggested suspending the agency's closely watched monthly employment report, saying its basic methodology, economic models and statistical assumptions are fundamentally flawed. Before Trump's nomination was announced on Monday, Antoni criticized the data behind the monthly employment report in an interview as unreliable and often exaggerated, and warned that it misled key economic decision makers from Washington to Wall Street. Anthony said: "When businesses don't know how many jobs are added or lost in our economy, how on earth should they plan, or how should the Federal Reserve implement monetary policy? This is a serious problem that needs to be addressed immediately. Until the problem is corrected, the Bureau of Labor Statistics should suspend the release of the monthly employment report, but should continue to release more accurate, but less timely, quarterly data," he said. "Key decision makers from Wall Street to Washington, D.C. rely on this data, and a lack of confidence in this data will have far-reaching consequences." (Jinshi)