The recent firing of Erika McEntarfer as head of the Bureau of Labor Statistics (BLS) following a disappointing jobs report has potentially profound implications. This one is serious!
Despite my vigorous and youthful appearance, I have been around for quite a while. I have worked with and around the folks who provide economic data through nine Presidents of varying political stripes. Without exception, they wished the numbers were higher.
Those who have the thankless job of compiling the information that we rely on are dedicated public servants who are not impacted by politics. They follow well-defined protocols to produce credible numbers.
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