The U.S. Department of Labor has launched a review of the Bureau of Labor Statistics, focusing on employment data and more.

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On September 11, the Office of Inspector General of the U.S. Department of Labor announced that it has initiated a review to assess the challenges faced by the Bureau of Labor Statistics in the collection and reporting of economic data. The Inspector General's office noted in the statement that the Bureau of Labor Statistics had previously announced plans to reduce the data collection for two inflation indicators that play a crucial role in the U.S. economy, namely the Consumer Price Index (CPI) and the Producer Price Index (PPI). Additionally, the Bureau of Labor Statistics recently made a significant downward revision to its estimates of new jobs added in the monthly Employment Situation Report. The Inspector General's office stated that the review will focus on the challenges and related optimization strategies in the following areas: collecting PPI and CPI data; collecting and reporting monthly employment data, including data revisions. (Jin10)

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