The U.S. Department of Labor initiates a review of the Bureau of Labor Statistics, focusing on employment data, etc.

Odaily Planet Daily News The U.S. Department of Labor Inspector General's Office issued a statement announcing that it has initiated a review to assess the challenges faced by the Bureau of Labor Statistics in the process of economic data collection and reporting. The Office of the Inspector General pointed out in a statement that the Bureau of Labor Statistics had previously announced that it would reduce the collection of data on two inflation indicators that play a key role in the U.S. economy, namely the Consumer Price Index (CPI) and the Producer Price Index (PPI). In addition, the Bureau of Labor Statistics recently lowered the estimate of the number of new jobs in the monthly Employment Situation Report. The Office of the Inspector General said the review will focus on challenges and related optimization strategies: collecting PPI and CPI data; collecting and reporting monthly employment data, including data revisions. (Jin Shi)