Why trust in key economic data is under strict scrutiny by the Office of the Inspector General

The Office of the Inspector General of the U.S. Department of Labor Department’s Office of Inspector General (OIG) is reviewing the Bureau of Labor Statistics (BLS) methodology for data collection and reporting, focusing on the reliability and transparency of key economic indicators such as the Consumer Price Index (CPI) and Employment Report. The audit will assess the use of survey methods, data verification and automation tools, which may have implications for future reporting practices and public confidence in economic data.