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Some see dismissal of statistics agency chief as an assault on US institutional integrity; for others it offers a chance to throw off outdated methods
When the US Bureau of Labor Statistics revised down May and June jobs data by more than 250,000 in August, Simona Mocuta, chief economist at State Street Investment Management, was unsurprised.
May’s non-farm payroll numbers had seemed to her so obviously wrong when released that Mocuta wrote a note on June 6 pointing out the “striking” similarity between jobs estimates and the previous month’s numbers. She speculated that the BLS figures contained a high degree of guesswork.
In response to the
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