Labor Dynamics Institute

The U.S. economy took a $20 billion hit in response to President Trump’s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer says a research-based analysis, which was co-written by Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner. [Syndicated from Moneywise]

In light of a recent Supreme Court decision, Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, comments on likely changes to employment criteria for leadership at federal agencies, such as Bureau of Labor Statistics, and how that might make those jobs less attractive.

Erica Groshen, ILR senior labor market advisor, co-authored a working paper assessing the economic impact of undermining official statistics.

Erica Groshen, ILR senior labor market advisor, co-authored a working paper revealing substantial economic damage linked to diminished trust in federal statistics; “when trust in government statistics is eroded, this is the cost of people flying blind,” said Groshen.

Preserving trust in “the integrity and quality of official statistics” generates economic benefits of about $25 for every $1 spent on the U.S. Bureau of Labor Statistics says a working paper co-written by Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, comments on past instances of pre-release bureau data being shared and on the importance of trust to the bureau’s data collection and processing efforts.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, provides insight on the agency’s challenges and staffing constraints.

Erica Groshen, ILR senior labor market advisor, analyzes the recent U.S. jobs report, noting growth in health care and construction and losses in government. Groshen also points out that changes in the tax structure for investments may influence upcoming jobs reports and comments on interest rates.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, explains how the bureau’s “benchmarking” process adjusts past employment data to improve its accuracy.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, provides expert insight on the bureau’s staffing and leadership challenges and shares a favorable opinion of Brett Matsumoto, who was recently nominated to become the bureau’s commissioner.

Erica Groshen, ILR senior labor market advisor, says New York’s effort to track AI-related layoffs is a start, but suggests that employers be required to share richer data on changing skills and occupations so workers and society can more easily navigate transitions.

“If you had a chair who was very politically motivated and the rest of the committee was not, then you might have more turmoil within the committee than we’d normally see,” said Erica Groshen, ILR senior labor market advisor, about the chair of the Federal Reserve Board.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, predicts that the bureau will “work very hard to make sure quality is preserved,” despite the current partial government shutdown.

“On the face of it, I’d say he’s quite a reasonable candidate,” said Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, when asked about the nomination of Brett Matsumoto to be the new commissioner of the bureau.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, supports the nomination of Brett Matsumoto to be the new commissioner of the bureau.

John Abowd, former ILR professor, has been appointed by a federal judge to the committee charged with administering and overseeing remedies to Google’s monopolization of internet search.

“These people have to look not necessarily for a new job, but also for a new sector and that might take time,” said ILR Professor Philipp Kircher, commenting on the long-term unemployment rate and the job market reorganization caused by the use of artificial intelligence.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, describes penalties for early disclosure of the bureau’s jobs data and how previous breaches have been handled.

“With any program that has revisions, it’s because you’re trying to balance timeliness with accuracy,” said Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, about the bureau’s approach to gathering and reporting payroll data from employers.

Erica Groshen, ILR senior labor market advisor, and Linda Barrington, executive director of ILR’s Institute of Compensation Studies, analyze wage and benefit growth trends alongside rising health insurance costs.

“We happen to have an administration which is less worried about doing things that are disruptive, so this is an opportunity,” said Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, commenting on a possible opportunity to centralize statistics-related government agencies.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, notes potential gaps in the bureau’s data in the aftermath of the government shutdown.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, comments on how the bureau may prioritize reporting now that the federal government shutdown has ended.

Erica Groshen, ILR senior labor market advisor, advised against using just one company’s sales data to evaluate inflation, underscoring the challenges facing policymakers and investors.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, discusses how easy it may be for the bureau to recover data that is missing due to the recent government shutdown.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, reflects on the effect of the government shutdown on the bureau’s data collection and reporting.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, comments on how the bureau may deal with certain missing data now that the government shutdown is over.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, discusses how the bureau may prioritize releasing reports now that the government shutdown is over and how it might collect missing data.

Erica Groshen, ILR senior labor market advisor and former Bureau of Labor Statistics commissioner, describes staffing challenges at the bureau as it re-opens after the government shutdown and which reports the bureau is likely to prioritize.