Bureau of Labor Statistics Data Disappears So You Can Guess the Economy Blindly
KEY POINTS
- •Andy Kiersz of Business Insider revealed that the Bureau of Labor Statistics faces reliability issues due to budget cuts and outdated methods.
- •The agency provides crucial economic data on jobs and prices, but this information is becoming less accessible for many individuals and businesses.
- •As publicly available data vanishes, wealthy investors use alternative information like satellite images of parking lots, increasing inequalities.
In a plot twist no one wanted, the Bureau of Labor Statistics—the economy’s trusty GPS—has been hobbled by budget cuts, leadership shuffle, and vintage data methods that even your grandparents mocked. Andy Kiersz, BI’s economic data editor who probably always wore a monocle, warns that the hyper-specific nuggets of job and price info politicians brag about might soon be about as reliable as fortune cookies. To fill the void, high-rolling investors rely on goofy satellite shots of parking lots, because who needs actual numbers when you can spy on shoppers instead? Meanwhile, the rest of us are stuck squinting at economic smoke signals, widening the gap between the data-rich elitists and everyone else stumbling through capitalism’s confusing fog.
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Source: Businessinsider | Published: 2/2/2026 | Author: Dan DeFrancesco