Latest / Economics Happy Hour Podcast
Controversy at the BLS
We dive into the sudden firing of the Bureau of Labor Statistics Commissioner following large downward revisions to the most recent jobs data. Everything is still pretty new, but we get a chance to talk about the scale of the revisions, the normalcy of such adjustments, and the potential implications of politicizing economic data. It's a first reaction to a surprising move with potentially big economic and institutional stakes.
In this episode, we discuss:
* The scale and context of recent BLS jobs data revisions
* Why revisions are a normal and expected part of labor statistics
* Concerns…
The skinny
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