Trump unveils unverified economic data after firing head of labor statistics bureau

Data Transparency & Accuracy Concerns - The presentation of potentially unauditable census data by a former economic advisor raises concerns about data accessibility and verification for media and the public [2][3][4] - The lack of transparency in the data's calculation methods, particularly regarding inflation adjustment (PCE vs CPI), is alarming [5][6] - The White House presented a chart showing median income rising since January 20th, but the data's source and calculation methods are not publicly available for verification [4] Political & Institutional Context - The firing of the BLS (Bureau of Labor Statistics) chief adds to concerns about the integrity and independence of government data [2][7] - Steven Moore, a former economic advisor, presented data not publicly available, raising questions about data access and potential bias [2][3] Economic Indicators & Interpretation - The report focuses on monthly estimates of net change in real median household income, a key indicator of economic well-being [4] - The importance of adjusting for inflation when calculating real median household income is emphasized [5]