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Can We Still Trust the Economic Data?

Many Happy Returns

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Navigating U.S. Labor Statistics

This chapter explores the complexities of U.S. labor statistics, focusing on the implications of the July jobs report, which revealed rising unemployment and a shortfall in job additions. It emphasizes the significance of accurate data collection amidst political pressures and highlights concerns surrounding transparency and trust in economic data. The discussion also addresses the challenges faced by data agencies and innovative methods used to measure labor statistics in the wake of the pandemic.

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