3 ms·

Have past BLS predictions proved accurate?

• mechagodzilla 6mo ago
  Relatively accurate (I think they're pretty close like 70%+ of the time). Significantly better than just projecting that the next five years will be like the last 5 years.
• blakesterz 6mo ago
  Planet Money just did an episode on this. The answer is, at least according to this, yes, pretty accurate. At least in the past https://www.npr.org/transcripts/nx-s1-5815308 https://www.npr.org/transcripts/nx-s1-5815308
  • danaris 6mo ago
    But wasn't the BLS the organization that Trump fired and replaced all the leaders of recently, for putting out (accurate) reports that made him look bad?
• ls612 6mo ago
  Yes in the long term. Sometimes they will get surprised by unexpected events (Covid) but you can’t blame them when their tourism and hospitality numbers are wildly wrong when that happens.