💥BREAKING:🇺🇸 U.S. Bureau of Labor Statistics is experiencing technical difficulties just 30 minutes before its highly anticipated August jobs report. https://t.co/bWGEoAn82d ...

The big problem with the monthly jobs report https://t.co/KBcufe8847 ...

Here Comes a Jobs Report Where the Stakes Are High https://t.co/jx0h2VdvDi ...

Breaking news more broadly about financial markets, not just stable coins, but about data, in particular, labor statistics. Bloomberg International Economics policy editor Michael McKe joins us now with a reporting done by Fox about well, the person who's going to be potentially taking over labor statistics for the United States and his view on how often they should be. Just break down the news for us.Well, it's a kind of a strange uh situation because he made these comments before the president announced t ...

Data Reliability Concerns - Bureau of Labor Statistics (BLS) 数据质量和可靠性下降，修订增加 [2] - 本届政府正在解决数据质量问题 [3] Leadership Changes and Future Plans - 总统已任命新领导接管劳工统计局 (BLS) [3] - 目标是为美国人民提供诚实可靠的数据，以供重要的经济决策 [4] - 劳工统计局 (BLS) 计划继续发布月度就业报告 [1] - 需要审查美国获取重要数据的方式和方法 [3]

Data Collection and Revision - The Bureau of Labor Statistics (BLS) releases monthly jobs reports, which include initial job numbers and revisions to the previous three months [1] - The Employment Situation report consists of two surveys: the household survey (calculating the unemployment rate) and the establishment survey (calculating nonfarm payroll employment) [3][4] - The establishment survey is sent to 650,000 workplaces, but only about 60% respond by the initial report release; this increases to over 90% after three months, leading to revisions [4][5] - BLS revises the numbers twice a year with unemployment insurance data and even 10 years later with census data [7] Factors Influencing Revisions - Large revisions are often attributed to economic shifts, such as coming out of or moving into a slow period [8] - Discrepancies between the current year and the previous year's employment patterns can also lead to significant revisions [9] - A specific example is the suspicion that schools are not hiring as much as they did last year due to the depletion of COVID-era funding [10] Data Integrity and Trust - Experts believe that political influence is not a factor in the revisions [10] - Eroding trust in the statistical system is detrimental to companies' decision-making processes and the country's infrastructure [12][13] - Improving the initial report completion rate is seen as the best way to reduce drastic revisions [11]

I believe the numbers were phony just like they were before the election. Trump's first BLS commissioner, William Beachch, says it would be impossible for a commissioner to rig the jobs data. The claim made by President Trump is that the commissioner led that conspiracy and and was basically shaping the data.That is not possible in my view and in the view of anybody who served in that position. ...

Data Integrity & Political Influence - The report highlights concerns about potential political influence on the integrity of economic statistics, specifically regarding the Bureau of Labor Statistics (BLS) [1][3][10] - The U S is considered the gold standard for economic statistics, but faces challenges due to budget constraints affecting data accuracy [10][11] - The president's criticism of the BLS commissioner and the jobs numbers raises concerns about politicization of data [1][3] Statistical Methodology & Accuracy - The report emphasizes the inherent margin of error in jobs reports, citing an example of approximately 100,000 jobs per month [5] - Job number variations can occur due to incomplete company responses and statistical adjustments for labor force changes [7] - The BLS uses tax records annually to cross-check and adjust payroll data, addressing potential overcounting [15][16] - Statistical variations have been present since 1923 when these surveys began [8] Data Usage & Trust - Investors, traders, and economists rely on the accuracy and reliability of U S economic data [9] - Politicization of data could erode trust in U S statistics, similar to concerns raised about data from other countries [9][10] - Revisions to initial job numbers are common and should be expected [12][13]

the three-month moving average, healthc care has actually created on average 68,000 jobs. The total payroll is 35,000. Meaning it's created 200% of the uh of of the jobs.Meaning you have a service economy, not you think about is healthcare interest rate sensitive, it's demographically sensitive. So you don't really I mean you think the interests sensitive parts of the economy are under some pressure. Lower income who are the borrowers in this economy are having a tough time.So would I have cut. Yes, I would ...

Let's begin with NBC News senior White House correspondent Gabe Gutierrez, NBC's business and data correspondent Brian Chung, and Ernie Tedeski, the director of economics at Yale's budget lab, and former chief economist in the Biden administration. Gabe, the president has called the job numbers rigged, which appears to be his reason for firing Erica McInterer, but has the White House actually provided any evidence to back up this accusation. >> Good morning, Anna.No, it hasn't. Now, uh, yesterday on Meet th ...