Re: Re: Re: BLS Daily Report

[enilsson@xxxxxxxxx]

Rob Schaap wrote:

>Which little statistical fib. . .

Doug responded:
> This is not a fib.

I generally have a lot of respect for the data produced by the BLS. They do a
very good job at trying to figure out what is going on in the economy. They
occasionally do introduce "adjustments" to take care of biases but these
adjustments are generally very well motivated. However, casual users of BLS
data often fail to noted some of the details behind the series the BLS
generates and, so, often misuse/misunderstand these series.

For instance the BLS reacted very well, and appropriately, to the attacks made
against the CPI a few years ago. They didn't do anything to their series just
to respond to the political pressure put on it by congress.

Eric