US Labor Department Begins Audit on Employment and Price Data Compilation

The US Labor Department's auditing office is now inspecting the processes behind the compilation of employment and price data, potentially affecting future economic reports.

Summary

The US Labor Department's auditing office has commenced an inspection into the procedures used for compiling employment and price data, which may impact the accuracy and transparency of future economic reports.

Terms & Concepts
  • Labor Department: A U.S. government agency responsible for overseeing labor issues, including employment statistics, wages, and workplace safety.