The Bureau of Labor Statistics (BLS) faces challenges in accurately tracking prices, often resorting to educated guesses that can lead to unreliable data. As the COVID-19 pandemic unfolded, these estimates made up significant portions of economic reports, with recent data suggesting discrepancies reaching nearly 30%. Concerns about data integrity have been voiced for years before Trump's presidency, with changes proposed to GDP calculations. This raises issues for markets reliant on accurate data and tracking inflation, particularly amidst the volatility introduced by tariff policies.
The BLS makes educated guesses to fill gaps in economic data, which can affect the reliability of key economic reports.
Concerns about the accuracy of government data tracking date back before Trump's presidency, highlighting systemic issues in economic data collection.
Collection
[
|
...
]