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gnat | 7 months ago
The jobs data comes from surveys of businesses and consumers. Fewer of each category are responding, continuing a long-term trend of declining response rates. Cuts affect their ability to collect data with about 15% of the sample "suspended" -- i.e. not done "to align survey workload with resource levels" in the words of the announcement linked from the Bloomberg article.
> "The more data you’re missing and comes in later, the higher the odds the revisions will be much larger," said Omair Sharif, president of Inflation Insights LLC. "Fifty percent is just not enough."
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