Concerns about the low credibility of US employment statistics - a budget crisis looms as Trump returns.

December 15, 2024 10:00 AM JST (excerpt)
Since 2010, the BLS budget has been reduced by approximately 20% in inflation-adjusted terms
"Project 2025" proposes the integration of BLS, BEA, and the Census Bureau

US economic indicators have the potential to move the global market with trillions of dollars at stake. Institutions that aggregate and publish a series of statistics have been strongly requesting millions of dollars in additional budget to maintain the credibility of the most important numbers in the financial world.
President-elect Trump is preparing to return to the White House with a plan to shake up the federal bureaucracy, facing an even tougher battle for budget approval.
Amid difficult information gathering for key indicators and escalating costs, even well before Trump's presidency is determined, the Bureau of Labor Statistics (BLS) and other agencies have been sounding alarm bells about the worsening funding shortage.

This issue is a concern not only for investors but also for all those who have a stake in conveying the true picture of the economy through data. Such data has been considered as common material until now, but it is more fragile than it appears.