the staff of the Ridgewood blog
Washington DC, , are the U.S. job numbers you hear about each month reliable? A growing chorus of experts says no, and the latest Bureau of Labor Statistics (BLS) reports prove it. With massive discrepancies between surveys, nearly 500,000 downward revisions, and a looming benchmark adjustment that could slash over half a million jobs from past estimates, the BLS is under fire. Is it time for a major overhaul led by E.J. Antoni? Let’s unpack why the jobs data is raising red flags and what it means for the economy.
