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Prof G MarketsHow Policy is Failing the Amer...

Firing the BLS commissioner, halting government data collection. We are pushing over the edge something that was already deeply problematic.

Even the ADP report had lots of notes about how the BLS data benchmark revision affected their model because their model is in part trained on and meant to mimic what they think is happening in the BLS.

This is possibly the darkest week for data that we've seen because we're not seeing data from the government right now and it's also been a quiet week already.

We need to double down on BLS. We need more funding in the government. We need better data collection services from the federal government. Yes, 100%.

The question I've gotten most over the past two months is, is there a good private sector replacement for the Bureau of Labor Statistics data? And the answer is unequivocally not.

The Bureau of Labor Statistics and other agencies will suspend operations without a funding bill, affecting businesses that rely on government data for decision-making.

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Prof G MarketsThe Economic Fallout of a Gove...

The Bureau of Labor Statistics and other agencies will suspend operations without a funding bill, affecting businesses that rely on government data for decision-making.

The Bureau of Labor Statistics and other agencies will suspend operations without a funding bill, affecting businesses that rely on government data for decision-making.