China's economic data is famously unreliable-and could be a warning if Trump meddles with the Bureau of Labor Statistics
Politicized or altered economic statistics erode trust, exemplified by China’s inconsistent GDP and youth unemployment figures and pressure to conform to official narratives.
California experienced the only statistically significant month-to-month increase in unemployment among states, rising 0.1 percentage points from June, according to BLS data.
Reeves forced to correct parliamentary record after misquoting key figures
The Treasury confirmed that Hansard had been amended following errors made by the Chancellor during committee hearings, particularly in figures regarding pension scheme management.
Economists and decision-makers face a dilemma between needing swift information and the necessity of accuracy, often relying on preliminary estimates that are later revised.
Dow futures rise as Wall Street and the Fed brace for updates on how much Trump's tariffs are stoking inflation
Stocks were poised to add to recent gains as futures ticked higher ahead of crucial inflation reports. The consumer price index will provide clues on tariffs' impact on inflation.
Trump's former jobs data chief decries firing of successor
This is damaging. I don't know that there's any grounds at all for this firing. And it really hurts the statistical system. It undermines credibility in BLS.
Fact check: Did US go from ice cream trade surplus to deficit under Biden?
The Trump administration highlighted a shift in the US ice cream trade balance, pointing to a deficit of $40.6 million under Biden compared to a surplus in 2020.