Why Trump's firing of labor data chief won't threaten integrity of jobs figures. Probably [USA TODAY]
JP Morgan Chase & Co. (JPM)
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Source: USA TODAY
has raised concerns about the future accuracy and integrity of the nation's vital jobs numbers. Some economists and former government officials are responding to the mounting worries with a simple message: Chill out. These experts cite three reasons Trump administration officials are not likely to manipulate the statistics for political reasons: There's too much data underlying the most publicized jobs figures; broadly comparable numbers are published in other reports; and there are disincentives for chicanery. “I think it would be pretty hard to revise any statistics” based on politics “or try to fudge the numbers somehow,” said Sara Estep, an economist at the left-leaning Center for American progress. Still, Estep and other experts say the trustworthiness of the data is being called into question – a development that itself could have a negative impact on the economy and markets – and outright attempts to massage the numbers aren't out of the realm of possibility. “The con
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