Trump is right to fire the BLS top manager

 

Who follows the BLS releases and reviews knows very well that the published figures are prone to larger revisions. The data has to be revised as a number of small and large correcting mesurements is a routine process. The mistake of the BLS is that nobody reads the uncertainty of the numbers they publish. It's difficult to find these uncertainties even for professisonal economists (and they do not care). Other economic agencies have the same severe problem. The BEA had to resive the 2001 real GDP growth rate from -0.8% to +1.3% (+2.1% difference) and the previously announced (technical) recession gone. Trump does not know about the acciracy of these measurement and thus is 100% right. The BLS (BEA ...) are not professional. For example, from 1 to 2 million labor force correction for the previous year often pubished by the BLS is unacceptable. For the year of 2024, the CPI inflation was corrected up from the previous year. This means that the contemporary POTUS could make positive image from it despite it was not true (was it BLS political decision?) Definitely, one can interpret these (and many other) results as politically driven fraud. The way they present data is wrong and has to be changed. Otherwise, the poor or good figures can be used in the political discussion as if they have some meaning and relevance. The next chief will follow the instructions from Trump. This will be wise as the data are corrupt anyway.