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US Labor Department reducing CPI collection sample amid hiring freeze

Discussion in 'Too Hot for Swamp Gas' started by G8tas, Jun 8, 2025.

  1. G8tas

    G8tas GC Hall of Fame

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    WASHINGTON (Reuters) -The U.S. Labor Department's economic statistics arm said on Wednesday it was reducing the Consumer Price Index collection sample in areas across the country due to resource constraints, but the move should have "minimal impact" on the overall CPI data.

    In a statement posted on its website, the Bureau of Labor Statistics said the sample reduction and collection suspension could, however, increase the volatility of sub-national or item-specific indexes.

    "BLS makes reductions when current resources can no longer support the collection effort," the agency said. "BLS will continue to evaluate survey operations."

    The agency, which also compiles the closely watched employment report, has been impacted by a hiring freeze imposed by President Donald Trump as part of an unprecedented campaign to drastically reduce the size of government through mass layoffs and spending cuts.

    https://www.reuters.com/business/us...-trump-era-hiring-freeze-wsj-says-2025-06-04/

    Layoff enough people so that you can cook the books. From now on we should only expect positive news regarding CPI to make Trump look good since they no longer have the resources to collect true samples
     
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  2. gator_jo

    gator_jo GC Hall of Fame

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    ^ Yup. Eliminate enough experts and reality will be whatever the felon reality show guy says it is .....
    ...... as long as there are enough people willing to believe him and take his word like the Gospel.


    (And .. spoiler! ... there are.)

    No wonder Trump and MAGA are so anti-science and learning.
     
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  3. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Yes, because cheaper food and gas, with rising wages for the people at the bottom, are a bad thing.
     
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  4. mdgator05

    mdgator05 Premium Member

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    The question here is one of accuracy of data. It has nothing to do with the directionality.
     
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  5. G8tas

    G8tas GC Hall of Fame

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    Please tell me that wasn't your take away from the article
     
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