Ceri Breeze/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify With BLS down to one person, ADP payrolls jolt market with 32K drop. (0:15) White House withdraws BLS chief nominee. (1:39) Supreme Court halts immediate ouster of Fed’s Lisa Cook. (1:55) This is an abridged transcript of the podcast: Our top story so far, long the black sheep of the economic data family, ADP’s jobs report is now having its moment in the sun -- and an outsize impact on the market. With the go ...

DATA (UN)RELIABILITY Substantial downward revisions to May and June US payrolls data, the subsequent dismissal of the BLS Commissioner, and a large downward revision to the level of employment in the BLS' annual benchmark review have fueled concerns about US economic data quality. But such concerns aren't new or unique to the US. So, how concerned should we really be about the quality of global economic data? Former BLS Commissioner Erica Groshen, Laffer Associates' Arthur Laffer, Harvard's Alberto Cavallo, ...