Two Senate Republicans, Bill Cassidy and Susan Collins, have expressed their dissatisfaction with the Bureau of Labor Statistics (BLS) for the recent revisions made to US employment data. They believe that the agency's performance has been unacceptable.
In a letter to the BLS, the senators raised concerns about the significant adjustments made to initial job figures, which they argue highlight ongoing failures in the production of essential economic statistics. Cassidy and Collins are set to play influential roles in overseeing the BLS next year, indicating a growing frustration among lawmakers regarding the reliability of government employment reports.
Their statements reflect a broader concern about the accuracy of economic data, which is crucial in shaping fiscal policy and market expectations.