President Trump fired the chief of the Bureau of Labor Statistics over concerns that the jobs data was inaccurate and political, but his nominee to lead the agency has proposed measures that raise the same concerns. While former officials defend the agency’s integrity, private firms like Revelio Labs are hoping to step in with its own jobs numbers, in an answer to the inaccuracies and technical issues plaguing the BLS. With budget cuts, staff losses, and a new chief awaiting confirmation, the credibility of America’s economic data — and the markets that rely on it — hangs in the balance. (Source: Bloomberg)
