Lies, Damn Lies and BLS’ Budget
BLS = Bureau of Labor Statistics
There are three kinds of lies: lies, damned lies, and statistics. – Benjamin Disraeli via Mark Twain
The BLS gets that data [employment data] by contacting a representative sample of the population and then weights those results to reflect the broader population. The trouble is…that sample is at risk of getting smaller. And one key reason for that… is how much money the BLS has to conduct those surveys. – Bloomberg
Source: https://global-macro-monitor.com/2025/01/04/lies-damn-lies-and-bls-budget/
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