Senior economists from around the US have warned against further cuts to the budget of the country’s labour statistics agency amid concerns about the impact of reductions on its ability to measure and track developments in the country’s rapidly evolving jobs market.
A letter to House and Senate lawmakers supported by more than 60 economists says the Bureau of Labor Statistics’ budget needs to be boosted, rather than shrunk, adding that reductions in 2016 could cause “ripple effects throughout the federal government, the business community, and the US economy.”
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By: Sam Fleming, Financial Times
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