Budget cuts hit government stats

Posted by: Michael Mandel on February 05

The economy may be going into recession, but will we know it?

Because of budget cuts, the BLS (Bureau of Labor Statistics, natch) being forced to eliminate or pare back the production of some of its economic statistics (you can find a list of the cutbacks here). One example:

Eliminate the publication of all metropolitan area hours and earnings data and the publication of all employment data for the 65 smallest metropolitan areas, affecting all metropolitan areas with total nonfarm employment of 50,000 or less (approximately 3,900 estimates each month.)

So long, Sandusky Ohio…adios Ames, Iowa…farewell Fairbanks, Alaska

This is like the ultimate insult…too small to be measured because of budget cuts.

You know, we should be adding to our statistical capabilities, not subtracting from them.

TrackBack URL for this entry: http://blogs.businessweek.com/mt/mt-tb.cgi/

Reader Comments

Joe Cushing

February 6, 2008 03:27 AM

It seems to me that every expert that depends on the government for information or research funding thinks the government should do more of whatever it is that expert is involved in. I'd say most of the time they have valid reasons for thinking we should spend more on them. Then again we all think the government is spending too much on whatever it is we are not interested or involved with.

Mike Mandel

February 6, 2008 08:48 AM

Joe,

That's true, up to a point. But these are piddling amounts of money--a million here, a million there (not a billion!). It's an information economy...we need the information.

Larry

February 3, 2010 09:20 PM

Poor people. Nothing to do but Complain about cuts. Why don;t you get out there and do something about it!?!?

Thank you for your interest. This blog is no longer active.

 

About

Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

BW Mall - Sponsored Links

Buy a link now!