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…