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Trump’s Advisors Preparing Report on US Bureau of Labor Statistics Employment Data Flaws

The Council of Economic Advisors is set to release a critical report on the agency’s data revisions, while the Bureau of Labor Statistics prepares annual nonfarm benchmark updates.

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Summary

Trump’s advisors, led by the Council of Economic Advisors, are preparing a report that highlights flaws in the US Bureau of Labor Statistics’ employment data, including historical revisions. The report may be released soon. Additionally, the Bureau will release its annual nonfarm benchmark revisions tonight.

Terms & Concepts
  • Council of Economic Advisors: A U.S. government body tasked with offering economic policy advice to the President, analyzing data, and producing reports on key economic issues.
  • US Bureau of Labor Statistics: A division of the U.S. Department of Labor that collects, analyzes, and disseminates important economic data, including employment and unemployment statistics.