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Bureau of Labor Statistics postpones key data report (www.axios.com)

submitted 9 months ago by Kanger@sh.itjust.works to c/usa@midwest.social

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The Bureau of Labor Statistics on Friday postponed the release of a key annual report central to future inflation data.

Why it matters: The BLS — charged with collecting critical data on employment, prices and more — did not explain the reasoning for the delay or when it might ultimately be released. There is heightened concern about the future of U.S. statistics, including the politicization and accuracy of crucial data that affects the stock market and interest rates.

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[–] dhork@lemmy.world 4 points 9 months ago* (last edited 9 months ago)

They are working on a name change to Bureau of Urban Labor, Living Standards, Housing, and Iterative Statistics....

BULLSHIT