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progree

(12,369 posts)
3. the data is also used to determine the weighting of specific goods and services in the Consumer Price Index
Sat Sep 20, 2025, 06:40 AM
Sep 20

Archive copy for those who don't want to give their email to Axios Macro in order to read the article:
https://archive.is/l25SR#selection-603.0-627.136

Various excerpts---

The big picture: The data offers key insights about consumer activity in any given year, including expenditures, income and demographic information.

It is the only "federal household survey to provide information on the complete range of consumers' expenditures and incomes," the BLS website says.

Crucially, the data is also used to determine the weighting of specific goods and services in the Consumer Price Index for the year ahead.
The intrigue: The release was postponed last year, but the BLS offered more details then
, including that the data would be released two weeks later.

The agency is under tremendous strain, with staffing shortages and limited resources. It is also under unprecedented attack from the White House

BLS has already cut back on data collection for specific CPI categories and certain regions, a result of staffing shortages and budget cuts.
(emphasis added)

Recommendations

4 members have recommended this reply (displayed in chronological order):

Nit to pick (with Axios): mahatmakanejeeves Sep 20 #1
Yes! I spent a lot of time in meetings and conferences in the Postal Square Building Wiz Imp Sep 20 #23
I'm sure the new BLS commissioner would like to permanently delay the release Coldwater Sep 20 #2
To be clear, the new BLS Commissioner hasn't been confirmed yet by the Senate. Wiz Imp Sep 20 #24
the data is also used to determine the weighting of specific goods and services in the Consumer Price Index progree Sep 20 #3
Maybe a bit overstated (or understated?) but it's truer than anything tRUMP ever spouts wolfie001 Sep 20 #4
Yeah, I don't think those numbers work out muriel_volestrangler Sep 20 #5
I know the super-duper wealthy .1 of 1% skew the 401K and retirement accts..... wolfie001 Sep 20 #8
I'm not sure what you want to analyse - wealth, or income? muriel_volestrangler Sep 20 #10
Poverty wolfie001 Sep 20 #12
No, no need to block you - you're not annoying me. I just wondered what the "quibble" you saw was. muriel_volestrangler Sep 20 #13
OK, sorry wolfie001 Sep 20 #14
Sure. There is obviously a large imbalance in income, and an even greater one in wealth muriel_volestrangler Sep 20 #15
Just to step in 'it' here. An awful lot of wealth is via inheritance. And capital gains erronis Sep 20 #26
Yep! wolfie001 Sep 21 #27
The top 1,000 wealthiest Americans are having a very good year FakeNoose Sep 20 #16
The next jobs report: riversedge Sep 20 #6
The cadence in which these NK "newscasters" speak is like a military march wolfie001 Sep 20 #9
And so it begins................ Bengus81 Sep 20 #7
ITT Takes Time To Cook The Books Convincingly DallasNE Sep 20 #11
There is no pretense of a commitment to honest data collection and reporting. hay rick Sep 20 #17
We'll publish when the numbers look better RainCaster Sep 20 #18
We will update users when more information is available patphil Sep 20 #19
Must message data report to say what they want republianmushroom Sep 20 #20
I loved when accountant... used the phrase:.."massage the figures". BurnDoubt Sep 20 #21
Honest question, won't the cooked #'s be used to reduce COLA? Buddyzbuddy Sep 20 #22
Please don't disparage the career employees of the Bureau of Labor Statistics Wiz Imp Sep 20 #25
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