Article 6Z333 What really goes on at the Bureau of Labor Statistics (Update)

What really goes on at the Bureau of Labor Statistics (Update)

by
Darian Woods
from NPR: Planet Money on (#6Z333)
squarecrop2_sq-ba9a3aded7a6d0e822a449193447af7b8079bfed.jpg

On Friday, we reported on the latest jobs numbers from the Bureau of Labor Statistics, which showed weaker than expected growth. On Friday afternoon, President Trump fired the person in charge of those numbers.

The monthly jobs report is a critical tool for the economy, used by businesses to make decisions and the Federal Reserve to set rates. So how exactly are those figures collected? Today, we're re-airing our behind-the-scenes look at how the BLS puts together the jobs report ... one call at a time.

This show originally aired June 6, 2022.

Related:
Can we trust the monthly jobs report?
Would you trust an economist with your economy?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez and Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

(Image credit: Photo by Anna Moneymaker)

npr-rss-pixel.png?story=1256727558
External Content
Source RSS or Atom Feed
Feed Location http://www.npr.org/rss/rss.php?id=93559255
Feed Title NPR: Planet Money
Feed Link https://www.npr.org/templates/story/story.php?storyId=93559255
Feed Copyright Copyright 2024 NPR - For Personal Use Only
Reply 0 comments