Federal Watchdog Launches Major Probe Into BLS Economic Data Accuracy
Federal Watchdog Launches Major Probe Into BLS Economic Data Accuracy
The Department of Labor’s internal watchdog has initiated a comprehensive review into the Bureau of Labor Statistics’ (BLS) methods for collecting and reporting crucial economic data. The probe, formally launched yesterday, September 10, by the Labor Department’s Office of Inspector General (OIG), will scrutinize how the BLS compiles and revises its influential monthly inflation and jobs figures.
Assistant Inspector General Laura Nicolosi informed acting BLS commissioner William Wiatrowski in a letter that the investigation will specifically examine the bureau’s approach to reporting monthly inflation and employment data. This comes amidst significant downward revisions to earlier payroll gain estimates, which recently revealed over 900,000 fewer jobs added in the 12-month period ending March 2025 than initially reported.
The OIG’s review will also focus on the collection, reporting, and revision processes for data used in the closely watched Producer Price Index and Consumer Price Index, particularly as inflation continues to rise across the U.S. This development follows President Trump’s controversial decision last month to fire then-BLS commissioner Erika McEntarfer, whom he accused of political bias after a report indicated unexpectedly weak job growth and revised down previous payroll gains. The move sparked considerable concern among economists and policymakers, who warn that eroding trust in official statistics could lead to severe consequences for financial markets and the broader U.S. economy.
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