Source: The Daily Economy
by Vincent Geloso
“Finding consensus among economists is an occasional treat. Last week’s firing of Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer by President Trump was one such occasion. With few exceptions, the reaction has been that the claims she was dismissed for producing ‘low-quality’ data or displaying ‘partisanship’ are mere cover — a simple case of machine-gunning the messenger. There is little to substantiate the claim that the BLS produces low-quality data. The BLS (and every other statistical agency) frequently issues preliminary reports from surveys it conducts. As such, revisions are common. How big are those revisions? Pretty small!” (08/18/25)