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Prior BLS commissioners have a plan for what I joke is the one big beautiful BLS where it's like Statistics 3.0. They know what to do. They need the money and the authority.
Firing the BLS commissioner, halting government data collection. We are pushing over the edge something that was already deeply problematic.
We've been thinking about alternative sources of data because of the shutdown and just this general defunding and antagonism towards businesses like the BLS.
You can't function in a $30 trillion economy with the data you need if you're starving your statistical agencies for funds, which we've been doing for the past 15 years.
The U.S. government is funding Every Cure to find new uses for medicines that can save money in the healthcare system.
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.
We need a stronger and more courageous, a bolder elite if we're going to fix some of the problems in this country.
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.
You can't function in a $30 trillion economy with the data that you need to manage it if you are starving your statistical agencies for funds, which we've been doing for the past 15 years.
Folks, we do need to reopen the government. We need our military, we need to pay our great employees, and we need to keep those national parks open.