Erin Scott/Bloomberg via Getty Images
The Labor Department’s Office of Inspector General said Wednesday it is reviewing the “challenges” that the Bureau of Labor Statistics is facing in its data-collection efforts.
The internal watchdog, in a letter, said it was initiating that probe after BLS announced a reduction in its data collection for two key inflation metrics.
The review also comes in light of BLS recently issuing a “large downward revision of its estimate of new jobs in the monthly Employment Situation Report,” assistant inspector general for audit Laura Nicolosi wrote.
Read the full letter here.
The letter was addressed to William Wiatrowski, who has served as BLS’ acting commissioner since President Donald Trump fired the agency’s former head in early August in response to a weak monthly jobs report.
“Our focus will be on the challenges and related mitigating strategies for (1) collecting PPI and CPI data, and (2) collecting and reporting, including revising, monthly employment data,” Nicolosi wrote.
This is breaking news. Please check back for updates.
Read more CNBC politics coverage
Disclaimer: This news has been automatically collected from the source link above. Our website does not create, edit, or publish the content. All information, statements, and opinions expressed belong solely to the original publisher. We are not responsible or liable for the accuracy, reliability, or completeness of any news, nor for any statements, views, or claims made in the content. All rights remain with the respective source.