From CNN today:

“Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,” he told Fox Business. “Major decision-makers from Wall Street to D.C. rely on these numbers, and a lack of confidence in the data has far-reaching consequences.”

BLS does calculate a CENSUS of data, available quarterly. It’s called The Quarterly Census of Employment and Wages. This series is accurate. It’s released quarterly. So Dr. Antoni presumably suggests dispensing with the monthly jobs report, and in order to save money, can just rely on the QCEW. Here’s what the QCEW looks like right now, compared to the CES monthly series (as revised).

Figure 1: Nonfarm payroll employment, July release (bold dark blue), June release (light blue), Quarterly Census of Employment and Wages (QCEW) covered employment, n.s.a. (red). Source: BLS via FRED, BLS.

In fact,