The New York Times on Nostr: Leaked Reports and Political Heat Are Testing Trust in Economic Data ========== The ...
Leaked Reports and Political Heat Are Testing Trust in Economic Data
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The Bureau of Labor Statistics (BLS) has faced scrutiny in 2024 due to several missteps, including a premature release of the Consumer Price Index (CPI) in May and an email incident involving 'super users' in February; these incidents have raised concerns about the agency's data sharing practices and potential favoritism towards Wall Street; investigations by the agency's inspector general and congressional committees are underway; BLS Commissioner Erika McEntarfer acknowledges the increased scrutiny and the need for improved data management; the agency reported 818,000 fewer jobs added in 2023 and early 2024 than initially stated, prompting political backlash from figures like former President Donald Trump; experts maintain that BLS data remains reliable despite recent challenges.
#BureauOfLaborStatistics #EconomicData #ConsumerPriceIndex #Politics #Trust #WallStreet #Investigations #Employment #Inflation #DataIntegrity
https://www.nytimes.com/2024/09/05/business/economy/bls-economic-data-jobs-report-cpi.html
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The Bureau of Labor Statistics (BLS) has faced scrutiny in 2024 due to several missteps, including a premature release of the Consumer Price Index (CPI) in May and an email incident involving 'super users' in February; these incidents have raised concerns about the agency's data sharing practices and potential favoritism towards Wall Street; investigations by the agency's inspector general and congressional committees are underway; BLS Commissioner Erika McEntarfer acknowledges the increased scrutiny and the need for improved data management; the agency reported 818,000 fewer jobs added in 2023 and early 2024 than initially stated, prompting political backlash from figures like former President Donald Trump; experts maintain that BLS data remains reliable despite recent challenges.
#BureauOfLaborStatistics #EconomicData #ConsumerPriceIndex #Politics #Trust #WallStreet #Investigations #Employment #Inflation #DataIntegrity
https://www.nytimes.com/2024/09/05/business/economy/bls-economic-data-jobs-report-cpi.html