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Lawmakers are considering major revisions to employment statistics for 2023.
Education and Labor Committee Chair Virginia Foxx (R) and Health, Employment, Labor and Pensions Subcommittee Chair Bob Good (R) sent a letter to Acting Secretary of Labor Julie Su asking what is happening. I asked for an answer as to whether there is one.
Employment in 2023 was overestimated by 800,000 people, the largest revision since 2009.
Lawmakers are launching an investigation into the Department of Labor's Bureau of Labor Statistics after the agency vastly overestimated the number of jobs created last year and painted a far more optimistic picture of the U.S. economy than it actually was.
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Education and Labor Committee Chair Virginia Foxx (R-LA) and Health, Employment, Labor and Pensions Subcommittee Chair Bob Good (R-LA) write to Acting Secretary of Labor Julie Hsu and asked for an answer.
…
“It is concerning that the Department of Labor would issue an unusually large revision to last year's employment statistics,” Rep. Adrian Smith (R-Nebraska) said in August, following the major revisions. On the 21st, I wrote this on X, formerly known as Twitter. “As unemployment rises, American workers need growth-oriented action, not the Biden-Harris administration's outdated policies.”
Mr. Fox also expressed concern that the BLS allegedly provided advance notice to Wall Street firms about market-moving data.
“BLS scheduled the release of job numbers on August 21 at 10 a.m. EDT,” the letter states. “However, the BLS did not release them at this time. Instead, the BLS released them 30 minutes later. While the public waited for the release, the BLS did not release them to some Wall Street firms prior to their release. provided the job number.
The committee requested this information in its letter.
1. All Department of Labor guidance and regulations governing job release.
numbers.
2. According to public reports, BLS employees provided job numbers to analysts;
12 Why did the BLS representative provide the job number in advance?
Will you publish it on the BLS website?
3. Prior to BLS release, which companies did BLS provide job numbers to?
Website? Provide all documents, records, and communications, including emails.
Communications where job numbers are provided to outside organizations or individuals.
BLS prior to public availability on the BLS website.4. After the erroneous data disclosure on May 15, 2024 and the “super user” situation in March
In 2024, has BLS made any changes to prevent the publication of non-public data? Please
explain.
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