Core Viewpoint - There is growing skepticism regarding the reliability of non-farm payroll data following significant layoffs in the federal government, despite economists and insiders believing the current data remains credible [1] Group 1: Data Reliability - Public trust in economic data from the Trump administration has declined, particularly after cuts to data collection for the Consumer Price Index by the Bureau of Labor Statistics [1] - Economists and government insiders generally maintain that the current data is still trustworthy, but there are concerns about the long-term decline in data quality [1] Group 2: Statistical Challenges - Decreasing response rates and budget constraints are making it increasingly difficult to maintain high-quality traditional statistical methods [1] - The disbandment of the statistical advisory committee, hiring freezes, and employee buyouts under the Trump administration have exacerbated staffing shortages, leading to reduced sampling efforts by statistical agencies [1] Group 3: Future Implications - While current data is deemed reliable, there are warnings that future volatility and the magnitude of revisions may increase [1]