▲ | ForHackernews 3 days ago | |
He's not the final word on the matter, but Nate Silver writes... > I've worked a lot with data produced by the Bureau of Labor Statistics and other federal agencies. In fact, an economic index based on a half-dozen of these statistics is part of our presidential election forecast, so we’ve pulled this data all the way back to World War II.3 > And I consider it to be of very high quality. When BLS data is revised as more information becomes available, it’s meticulously documented and explained. For more on how this works, including just how difficult the BLS’s job is and how it’s being made harder by declining survey response rates and cuts to federal agencies that track economic activity, I’d strongly recommend this edition of the Odd Lots podcast with Bill Beach, the former BLS commissioner under Trump 1.0 and Biden. It might not be the most riveting interview, but one thing that comes through is just how much of a straight-shooter he is. https://www.natesilver.net/p/trumps-jobs-data-denialism-wont... |