• BLS had big problems with data manipulation, 2024 internal report shows

    From John Smyth@21:1/5 to All on Mon Aug 4 16:38:42 2025
    XPost: alt.fan.rush-limbaugh, alt.politics.republicans

    So Trump is correct once again.

    'BLS had big problems with data manipulation, 2024 internal report
    shows'

    <https://www.americanthinker.com/blog/2025/08/bls_manipulated_data_for_years_2024_internal_report_shows.html>

    'Days after President Trump fired Bureau of Labor Statistics chief Erika McEntarfer, a Biden appointee who repeatedly released bad data on jobs
    creation with big revisions afterward, the establishment left continues
    to howl about President Trump.


    It's like they like bad data.

    Here's Larry Summers making the television rounds, defending the
    indefensible:



    Now writer Don Surber has discovered a doozy of a BLS internal report
    from 2024, reported by Bloomberg News, that the agency has been
    mismanaging data up the wazoo.

    According to Bloomberg:


    The US Bureau of Labor Statistics is “not sufficiently focused” on how
    it disseminates key economic data and a revamp of the agency’s culture
    is required, according to a report commissioned after a series of
    botched releases.

    The Labor Department, which oversees the BLS, ordered the independent
    review to examine “procedures and practices for the equitable and timely provision of data to the public.” The findings of the 60-day external
    review were published Tuesday and included a number of recommendations
    to improve processes and communications.


    “We have already begun the work of turning the team’s recommendations
    into a roadmap to recommit our agency to data security and equitable
    access to data,” BLS Commissioner Erika McEntarfer said on a call
    Tuesday.

    Well, she didn't.


    This corresponds pretty well to the problems President Trump cited on
    the day he gave her the boot:

    Trump fires BLS commissioner, Erika McEntarfer
    pic.twitter.com/5opgVmP7iQ


    — zerohedge (@zerohedge) August 1, 2025
    Note that he didn't object to the data itself, as Summers and his
    buddies claimed; he objected to the constant revisions of the data, big, unprecedented revisions, released at politically sensitive times, always
    good for the Democrats and always bad for the Republicans, pretty well nullifying the purpose of collecting data at all.

    She also said she'd have the problems under control -- and she didn't,
    so out she went.

    The Bloomberg report is more disturbing than just major revisions of
    data that Trump cited.

    Deep in the Bloomberg story, there are doings like this:

    The report was commissioned after several incidents around data releases
    raised questions about how some of the world’s most sensitive economic information gets disseminated. In August, the BLS provided at least
    three Wall Street firms with highly anticipated figures on revisions to
    US payrolls — all while the official release was delayed on its website.

    The episode not only sparked outrage among investors but also on Capitol
    Hill, where key Senate Republicans charged the BLS with its “continued failures” in producing crucial economic data and demanded answers to questions around its data release protocols.

    Other incidents earlier in the year raised similar concerns. In May, the
    BLS inadvertently published inflation data a half hour before the
    scheduled release time, and separately a BLS economist disclosed
    internal data to an exclusive group of analysts he described as “super users.”

    BLS claimed innocent human error around these releases of data to
    insiders first instead of everyone, but nobody believes that. Billions
    of dollars of trades are on the line and equal access to data is
    ingrained in every player, government and traders alike, ever since the
    dawn of Wall Street. Any uneven release of data is inside trading, and
    release of data to privileged cronies over others is politicization of
    data.

    Which is where Trump had the problem. The woman promised to reform her
    data mishandling, which stretches way back, and she went right back to
    business as usual, manipulating the data for political purposes in a
    variety of ways.

    Economics powerhouse Alan Reynolds found these problems, too:


    It's possible she turned to erratic, revised, and made-up releases in
    response to no longer being able to release data to cronies. Maybe that
    was a substitute of sorts. It would be interesting to know if her net
    worth has grown suddenly as it does for many on Capitol Hill.

    The bottom line is that Trump saw right through it. He put a stop to it.
    Now maybe the markets can function again as they are supposed to.

    Thank you, President Trump'

    --- SoupGate-Win32 v1.05
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