कोशिश गोल्ड - मुक्त
Statistics and politics are a dangerous mix
Financial Express Lucknow
|July 15, 2025
After staffing shortages at the Bureau of Labor Statistics reportedly affected the agency's ability to collect data for the Consumer Price Index last month, a handful of Democratic senators wrote to the Department of Labor demanding to know how it affected the agency's statistics.
HOW MUCH LONGER can we trust government statistics?
Earlier this year, the government made the radical move to dissolve several external expert advisory committees that served the BLS and the Bureau of Economic Analysis. Meanwhile, across industries as diverse as medicine, insurance, and education, professionals are dealing with the outright disappearance of data from government websites.
But to answer the question: We can trust the statistics at least until the "Improving Performance, Accountability and Responsiveness in the Civil Service" regulation, proposed by the Office of Personnel Management in April, goes into effect. After that, all bets are off.
The gaps in the CPI data and the dissolution of advisory committees illustrate the two threats facing government data: inadequate funding and political interference.
The former has been cooking for a while. The BLS's budget is down 20% in real terms since 2010, and President Donald Trump's 2026 budget proposes an additional 8% cut. Surveys aren't free to run or maintain, and they certainly aren't free to improve.
यह कहानी Financial Express Lucknow के July 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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