"A spokesperson for the department's Office of the Inspector General said Wednesday that it is launching a review of "the challenges that Bureau of Labor Statistics encounters collecting and reporting closely watched economic data." The audit will focus on the agency's reports on inflation and employment, a Wednesday letter to BLS acting commissioner William Wiatrowski said. Both reports are considered definitive measures of those two key aspects of the U.S. economy."
"On Tuesday, the BLS released annual revisions to its employment figures that showed there were 911,000 fewer jobs created in the year ending in March 2025, a deep reduction that suggested the job market was much weaker in 2024 and earlier this year than previously thought. The initial data is compiled based on surveys of about 120,000 companies, and the revisions are then made based on actual job rolls employers then submit quarterly to state unemployment tax offices."
The Labor Department's Office of the Inspector General has launched a review of how the Bureau of Labor Statistics collects and reports high-profile economic data. The audit will focus on inflation and employment reports and is directed to acting BLS commissioner William Wiatrowski. The review follows steep downward revisions showing 911,000 fewer jobs created in the year ending March 2025 and a recent slowdown in hiring. Initial employment estimates come from surveys of about 120,000 companies, with later revisions based on employer job rolls submitted quarterly to state unemployment tax offices. Funding for U.S. statistical agencies has declined in real terms since 2009.
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