Kimmel指出了劳工统计局用来制作其月度就业报告的雇主调查的参与率下降，从2010年代的60%降至 近年的40%。 随着就业调查回复的减少，劳工统计局已更多地依赖于统计插补法，即使用模型根据历史趋势或某些行 业的趋势来估算缺失的数据。Kimmel说，"推断的数据越多，而非收集的数据越多，计量误差的风险就 越大。" 音频由扣子空间生成 有"新债王"之称的冈拉克创办的美国债券公司双线资本周三表示，由于担心美国劳工统计局发布的数据 质量下降，该公司正利用各种官方和私人数据源来评估美国经济的健康状况。 今年8月，劳工部的劳工统计局公布了对先前就业数据的大幅向下修正，震动了市场，并引发投资者担 忧，认为美联储可能一直在"闭着眼睛开车"，需要通过降息来追赶。当时，美国总统特朗普在毫无证据 的情况下声称7月份就业报告中的数字被操纵，并解除了劳工统计局局长的职务，加剧了外界对美国经 济数据完整性的担忧。 双线资本的固定收益配置策略师Ryan Kimmel在一份报告中说，"在双线资本，我们采取一种整体性方 法来监控经济的健康状况。" Kimmel表示，双线资本会监控包括劳工统计局报告在内的官方数据，但会用私人数据集、公司财报 ...

Group 1 - The Trump administration's budget proposal for the fiscal year 2026 includes an approximately 8% cut to the budget and staffing of the Bureau of Labor Statistics (BLS), which may lead to less reliable economic data that Wall Street heavily relies on [1] - The BLS will focus its resources on core data series known as "major federal economic indicators" (PFEIs), potentially resulting in the elimination of other important economic statistics [1][2] - The budget proposal also suggests restructuring the BLS under the Department of Commerce, merging it with the Bureau of Economic Analysis and the Census Bureau, which is expected to improve efficiency and data quality [1] Group 2 - The BLS has been struggling with a declining budget adjusted for inflation over the years, and has already lost a significant number of staff due to layoffs, early retirements, and a hiring freeze [2] - The collection of some economic data has been affected, with the BLS announcing a reduction in the number of Consumer Price Index (CPI) survey locations due to personnel shortages, which may decrease the reliability of CPI as an inflation measure [3] - The BLS has also announced adjustments to the Producer Price Index (PPI), stopping the calculation of 350 indices, although these indices account for less than 1% of the total PPI [3]