08/05/2025

Experts Say U.S. Economic Data Quality a Worry

They believe authorities are not acting urgently enough

Risks to the quality of official U.S. economic data - long seen as the gold standard - are worrying 89 of 100 top policy experts polled by Reuters, with most also concerned that the authorities are not addressing the issue urgently enough.

A decline in official survey participation rates and recent deep staff cuts at statistical agencies risk undermining the reliability of data that policymakers, companies and even households rely on to make decisions.

The U.S. Bureau of Labor Statistics, the principal agency for labor market and inflation data has, like other government departments, been hit by firings, resignations, early retirement and hiring freezes as part of a White House cost-cutting push.

Please select this link to read the complete article from Reuters.