Home Data and Automation DOL Bureau of Labor Statistics to seek more cost-effective approaches to data

DOL Bureau of Labor Statistics to seek more cost-effective approaches to data

“Cost-of-Living-Adjustments (COLAs) from Federal retirement programs — such as Social Security — are based on consumer price indexes (CPI) produced by the Bureau of Labor Statistics (BLS), however, the agency hasn’t evaluated whether its data accurately reflects what certain groups pay, purchase, and shop.” “’BLS has not evaluated the extent to which its existing data are adequate to produce CPIs […]

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