Former BLS commissioner @ericagroshen.bsky.social tells me she views this budget "with alarm."
If the cuts go through, she said, “What you lose there is first of all resilience and modernization" -- both of which are badly needed right now.
🚨New paper.
🧵Our baseline estimate implies that preserving trust in the integrity and quality of official statistics generates economic benefits of about $25 for every $1 spent on the U.S. Bureau of Labor Statistics's budget.
cc: @nickbloom.bsky.social, @ericagroshen.bsky.social, #econsky
On the nomination of Brett Matsumoto as BLS commissioner, #CornellILR senior economics advisor @ericagroshen.bsky.social says: "I was happy to see that we’re getting someone who has a strong professional record and knows BLS from the inside."
Cornell ILR School
A simple primer for understanding the various jobs releases that come out each month:
The jobs report that BLS releases each month is the best and clearest signal we have of labor market health.
The ADP and Revelio data that come out before the release are mostly shaping expectations about …
Ben Casselman
Michael R Strain
Here's background about Friends of BLS
www.friendsofbls.org
An important white paper has just been released which explores the deleterious effect the firing of the BLS Commissioner on Aug 1, 2025 had on the U.S. economy. Reliable statistics matter! @ericagroshen.bsky.social
www.nber.org/papers/w35135
A new working paper from four researchers, including @ericagroshen.bsky.social, calculates that the "firing of then-BLS Commissioner Erika McEntarfer...caused a spike in uncertainty associated with a $20 billion loss in industrial production."
Erika McEntarfer
COPAFS
BLS staffing is down 25% but they are now allowed to hire again.
www.usajobs.gov/job/859334800
Aaron Sojourner
Our baseline estimate implies that preserving trust in the integrity and quality of official statistics generates economic benefits of about $25 for every $1 spent on the BLS budget — @nickbloom.bsky.social @ericagroshen.bsky.social Duncan Hobbs @michaelrstrain.bsky.social
www.nber.org/papers/w35135
