NEC Director Kevin Hassett: There's a black box system making the jobs numbers
CNBC Television·2025-08-04 14:30

Data Transparency & Reliability - The industry emphasizes the potential for political manipulation in opaque data systems, particularly concerning jobs numbers [1] - The industry highlights the need for improved transparency in data reporting to prevent suspicion and ensure data reliability [3] - The industry suggests that significant data revisions, such as the largest revision outside of CO in 50 years, require thorough and transparent explanations from data agencies [3] - The industry expresses concern about potential political influence within data agencies and the importance of ensuring data integrity [4] Government & Agency Accountability - The industry references a past instance where the UK shut down a data agency to address data issues [2] - The industry points out discrepancies in job numbers following political events, raising questions about data accuracy [2] - The industry advocates for qualified personnel with fresh perspectives to ensure data transparency and reliability within government agencies [4]