LaborStatistics

New Zealand Jobless Rate Hits Four-Year High Amid Economic Downturn

7 days ago

In a troubling turn of events for New Zealand's labor market, the country's unemployment rate has surged to a four-year high, signaling the economic challenges facing the nation. The most recent labor statistics indicate that the national jobless rate has climbed to 5.5%, a significant uptick that has raised concerns about the possible long-term impacts of the ongoing recession.

US Economic Surveys Under Threat Amid Budget Constraints

2 months ago

The landscape of economic data collection in the United States is facing significant challenges due to budgetary constraints. Agencies responsible for providing vital economic statistics are struggling to maintain their operations amidst a tightening fiscal climate. This situation has raised concerns regarding the reliability and comprehensiveness of economic indicators that fuel decision-making by policymakers and businesses alike.

BLS Under Scrutiny: A Call for Cultural Revamp Following Major Reporting Flaws

2 months ago

The U.S. Bureau of Labor Statistics (BLS) is facing significant criticism and scrutiny after a comprehensive internal review uncovered severe deficiencies in its operational integrity, especially regarding the accuracy of its employment and economic data releases. This revelation comes in the wake of several notable instances where the BLS's reporting failed to meet the professional standards expected from such a critical federal agency.