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The Vital Importance of Good Economic Statistics (Re-broadcast)
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Erica Groshen, former Commissioner of the U.S. Bureau of Labor Statistics (BLS) uses the acronym AORTA to characterize good data; Accurate, Objective, Relevant, Trustworthy, and Accessible. This is apt since good data are the lifeblood of economic decision-making. But what happens if statistics are compromised by reduced staffing and resources, or by politically motivated manipulation? Erica joins EconoFact Chats to discuss the history and the role of the BLS, the importance of good data for decision-making by government, businesses, and families, and her concerns about political interference degrading the integrity of government statistics. Erica served as the Commissioner of the U.S. Bureau of Labor Statistics from 2013 to 2017. She is currently Senior Economics Advisor at the Cornell School of Industrial and Labor Relations, and a Research Fellow at the Upjohn Institute. Note: This podcast was first published on 9th March, 2025.
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Manage episode 470477911 series 2792031
Content provided by EconoFact. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by EconoFact or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Erica Groshen, former Commissioner of the U.S. Bureau of Labor Statistics (BLS) uses the acronym AORTA to characterize good data; Accurate, Objective, Relevant, Trustworthy, and Accessible. This is apt since good data are the lifeblood of economic decision-making. But what happens if statistics are compromised by reduced staffing and resources, or by politically motivated manipulation? Erica joins EconoFact Chats to discuss the history and the role of the BLS, the importance of good data for decision-making by government, businesses, and families, and her concerns about political interference degrading the integrity of government statistics. Erica served as the Commissioner of the U.S. Bureau of Labor Statistics from 2013 to 2017. She is currently Senior Economics Advisor at the Cornell School of Industrial and Labor Relations, and a Research Fellow at the Upjohn Institute. Note: This podcast was first published on 9th March, 2025.
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Similar to EconoFact Chats
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Radio National Breakfast is Australia's only daily national radio current affairs program, synonymous with agenda-setting news coverage, breaking news and a place where you will hear the most significant stories impacting the lives of all Australians wherever they live. The full unedited daily program is available on our website at: abc.net.au/listen/programs/radionational-breakfast/
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